Based on the last 12 Balance of Trade events in Australia, we expect a $37.76 movement on DX within 12 hours following the event release at 03 Jun 01:30. We expect DX to trend upwards 12 hours following the event release at 03 Jun 01:30 if the released value is < A$7.9B Historical events that allowed us to draw this conclusion
04 May 01:30 |
07 Jan 00:30 |
03 Sep 01:30 |
04 Aug 01:30 |
02 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
