Based on the last 12 Balance of Trade events in Australia, we expect GC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend downwards 48 hours following the event release at 2024-02-05 00:30 if the released value is < A$11B. A price movement of 2825 pips is expected. Historical events that allowed us to draw this conclusion
07 Dec 00:30 |
07 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
