Based on past Australia Balance of Trade news events there is a 80% chance of MW trending upwards. We expect this to happen because the released value is > A$4.55B. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
03 Oct 01:30 |
05 Sep 01:30 |
06 Jun 01:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
