Based on the last 12 Balance of Trade events in Japan, we expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 15 Mar 23:50 if the released value is < ¥-112.6B. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion
16 Feb 23:50 |
15 Dec 23:50 |
15 Sep 23:50 |
20 Jul 23:50 |
15 Jun 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
