Based on past United States Balance of Trade news events there is a 66.67% chance of AUDUSD trending upwards. We expect this to happen because the released value is > $-67.7B. A price movement of 27 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jun 12:30 |
08 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
