Based on the last 12 Balance of Trade events in Australia, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > A$12.65B
Historical events that allowed us to draw this conclusion
06 Apr 01:30 |
12 Jan 00:30 |
08 Dec 00:30 |
03 Nov 00:30 |
04 Aug 01:30 |
02 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
