We expect GI to trend upwards today with a 80% chance.

Based on the last 12 Balance of Trade events in Australia, we expect GI to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GI to trend upwards 4 hours following the event release at 05 Dec 00:30 if the released value is < A$6.1B. A price movement of 2,194 pips is expected.Historical events that allowed us to draw this conclusion

03 Oct 01:30
05 Sep 01:30
06 Jun 01:30
08 Jan 00:30
06 Dec 00:30

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

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