Based on the last 12 Balance of Trade events in Germany, we expect a $110 movement on AUDUSD within 2 hours following the event release at 2023-01-05 18:00. We expect AUDUSD to trend upwards 2 hours following the event release at 2023-01-05 18:00 if the released value is > €4.5B

Historical events that allowed us to draw this conclusion

02 Nov 18:00	03 Aug 16:00
04 Apr 16:00

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