Based on past Australia Balance of Trade news events there is a 85.71% chance of GBPUSD trending upwards. We expect this to happen because the released value is > A$8.725B. A price movement of 120 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 01:30 |
06 Jul 01:30 |
04 May 01:30 |
12 Jan 00:30 |
08 Dec 00:30 |
03 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
