We expect GBPUSD to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 80% chance of this. We expect this to happen if the released value is < A$6.5B. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion
07 Jan 00:30 |
06 Oct 00:30 |
03 Sep 01:30 |
02 Jul 01:30 |