We expect a $310 movement on GBPUSD within 2 hours following the event release at 03 Oct 01:30.

Based on the last 12 Balance of Trade events in Australia, we expect a $310 movement on GBPUSD within 2 hours following the event release at 03 Oct 01:30. We expect GBPUSD to trend upwards 2 hours following the event release at 03 Oct 01:30 if the released value is > A$6B

Historical events that allowed us to draw this conclusion

06 Aug 01:30
07 May 01:30
03 Apr 00:30
07 Mar 00:30
05 Feb 00:30
01 Nov 00:30
04 Oct 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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