Based on past Australia Balance of Trade news events there is a 66.67% chance of SB trending downwards. We expect this to happen because the released value is > A$ 4.4B. A price movement of 32 pips is expected.
Historical events that allowed us to draw this conclusion
05 Nov 00:30 |
07 May 01:30 |
07 Apr 01:30 |
05 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
