Based on the last 12 Balance of Trade events in Australia, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 06 Oct 11:30 if the released value is > A$5.154B. A price movement of 190 pips is expected.

Historical events that allowed us to draw this conclusion

04 Jun 11:30	07 May 11:30
07 Apr 11:30	05 Mar 11:30

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