Based on past Germany Balance of Trade news events there is a 75% chance of AUDUSD trending downwards. We expect this to happen because the released value is < €6.2B. A price movement of 108 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 16:00 |
03 Jun 16:00 |
04 Mar 18:00 |
09 Feb 18:00 |
09 Dec 18:00 |
09 Nov 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).