We expect RTY to trend downwards for the next 4 hours. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen because the released value is < A$10.725B. A price movement of 400 pips is expected. Historical events that allowed us to draw this conclusion
07 Apr 01:30 |
03 Feb 00:30 |
01 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
