Based on past Australia Balance of Trade news events there is a 80% chance of DX trending downwards. We expect this to happen if the released value is < A$7.5B. A price movement of 132 pips is expected. Historical events that allowed us to draw this conclusion
02 Nov 00:30 |
07 Sep 01:30 |
08 Jun 01:30 |
07 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
