Based on past Australia Balance of Trade news events there is a 66.67% chance of NKD trending downwards. We expect this to happen because the released value is < A$10.4B. A price movement of 81750 pips is expected. Historical events that allowed us to draw this conclusion
07 Mar 00:30 |
07 Dec 00:30 |
07 Sep 01:30 |
08 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
