Based on the last 12 Balance of Trade events in Australia, we expect a 160 pip movement on UB for the next 48 hours. We expect UB to trend upwards for 48 hours because the released value is < A$10.6B Historical events that allowed us to draw this conclusion
01 Jul 01:30 |
04 May 01:30 |
01 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
