We expect GBPUSD to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is > A$2.1B. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
05 Mar 00:30 |
09 Jan 00:30 |
07 Nov 00:30 |