Based on the last 12 Employment Change events in Australia, we expect KC to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect KC to trend downwards 48 hours following the event release at 16 Jul 01:30 if the released value is > 112.5K. A price movement of 892 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).