Based on the last 12 Balance of Trade events in Australia, we may expect MW to trend upwards right now. Based on these past events there is a 83.33% chance of this. We made this conclusion because the released value is < A$7B. A price movement of 14 pips may be experienced. Historical events that allowed us to draw this conclusion
07 Nov 00:30 |
04 Jul 01:30 |
02 May 01:30 |
05 Apr 00:30 |
07 Mar 00:30 |
05 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
