Based on the last 12 Balance of Trade events in Australia, we expect a 26 pip movement on GBPUSD within 2 hours following the event release at 2023-04-06 01:30. We expect GBPUSD to trend downwards 2 hours following the event release at 2023-04-06 01:30 if the released value is > A$11.1B
Historical events that allowed us to draw this conclusion
12 Jan 00:30 |
08 Dec 00:30 |
04 Aug 01:30 |
02 Jun 01:30 |
05 May 01:30 |
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