We expect PL to trend upwards for the next 12 hours. Based on these past Australia Balance of Trade news events there is a 71.43% chance of this. We expect this to happen because the released value is > A$6.5B. A price movement of 1,944 pips is expected.
Historical events that allowed us to draw this conclusion
03 Dec 00:30 |
05 Nov 00:30 |
04 Jun 01:30 |
07 May 01:30 |
07 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
