Based on the last 12 Balance of Trade events in Australia, we expect CT to trend upwards later today. Based on these past events there is a 75% chance of this. We expect CT to trend upwards 48 hours following the event release at 03 Feb 00:30 if the released value is < A$ 13B. A price movement of 282 pips is expected. Historical events that allowed us to draw this conclusion
11 Jan 00:30 |
01 Jul 01:30 |
04 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
