Based on past Australia Balance of Trade news events there is a 71.43% chance of KC trending upwards. We expect this to happen because the released value is > A$4.15B. A price movement of 452 pips is expected.
Historical events that allowed us to draw this conclusion
07 Nov 00:30 |
06 Aug 01:30 |
03 Jul 01:30 |
07 May 01:30 |
03 Apr 00:30 |
07 Mar 00:30 |
05 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
