Based on the last 12 Balance of Trade events in Australia, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < A$12.5B Historical events that allowed us to draw this conclusion
07 Feb 11:30 |
06 Oct 11:30 |
08 Sep 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).