We expect CRD to trend upwards later today. Based on these past Australia Balance of Trade news events there is a 80% chance of this. We expect this to happen if the released value is < A$4.15B. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 00:30 |
05 Sep 01:30 |
06 Jun 01:30 |
08 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
