We expect KW to trend upwards later today. Based on these past Australia Balance of Trade news events there is a 83.33% chance of this. We expect this to happen if the released value is > A$5.750B. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
05 Dec 00:30 |
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”).
