Based on the last 12 Balance of Trade events in Australia, we expect RTY to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect RTY to trend downwards 2 hours following the event release at 03 Feb 00:30 if the released value is > A$ 13B. A price movement of 450 pips is expected.
Historical events that allowed us to draw this conclusion
02 Dec 00:30 |
04 Nov 00:30 |
05 Oct 00:30 |
02 Sep 01:30 |
05 Aug 01:30 |
03 Jun 01:30 |
04 Mar 00:30 |