Based on the last 12 Balance of Trade events in Australia, we expect a 14,150 pip movement on YM for the next 4 hours. We expect YM to trend upwards for 4 hours because the released value is < A$9.7B Historical events that allowed us to draw this conclusion
07 Jan 00:30 |
06 Oct 00:30 |
03 Sep 01:30 |
02 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
