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We expect 6S to trend upwards today with a 71.43% chance.

Based on the last 12 Balance of Trade events in Australia, we expect 6S to trend upwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > A$6B

Historical events that allowed us to draw this conclusion

03 Dec 00:30
04 Jun 01:30
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”).

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We expect a 0 pip movement on 6M within 48 hours following the event release.

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