We expect YM to trend upwards for the next 48 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$9.4B. A price movement of 51100 pips is expected. Historical events that allowed us to draw this conclusion
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”).
