Based on past Australia Balance of Trade news events there is a 80% chance of EURUSD trending downwards. We expect this to happen because the released value is < A$6.1B. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion
03 Oct 01:30 |
05 Sep 01:30 |
08 Jan 00:30 |
06 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
