Based on past Australia Balance of Trade news events there is a 80% chance of S trending upwards. We expect this to happen because the released value is < A$5.6B. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion
06 Feb 00:30 |
07 Nov 00:30 |
02 May 01:30 |
05 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
