Based on the last 12 Balance of Trade events in Australia, we expect a $0.033 movement on 6S within the next 48 hours. We expect 6S to trend upwards for the next 48 hours because the released value is > A$2.1B
Historical events that allowed us to draw this conclusion
07 May 01:30 |
07 Apr 01:30 |
05 Mar 00:30 |
09 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
