We expect a $420 movement on EURUSD within 12 hours following the release of Balance of Trade at 04 Jun 11:30. We expect EURUSD to trend upwards 12 hours following the event release at 04 Jun 11:30 if the released value is < A$7.5B. A price movement of 42 pips is expected. Historical events that allowed us to draw this conclusion

06 Feb 11:30	05 Dec 11:30
05 Sep 11:30	06 Jun 11:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).