Based on past Australia Retail Sales MoM news events there is a 80% chance of BO trending downwards. We expect this to happen if the released value is > 16.3%. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
|04 Jun 01:30|
|06 May 01:30|
|03 Apr 00:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).