We expect HO to trend upwards today with a 75% chance.

We expect HO to trend upwards later today. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is < A$9B. A price movement of 2 pips is expected.Historical events that allowed us to draw this conclusion

05 Dec 00:30
03 Oct 01:30
05 Sep 01:30

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

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