Based on the last 12 Employment Change events in Australia, we expect S to trend upwards. Based on these past events there is a 66.67% chance of this. We expect S to trend upwards for 2 hours because the released value is < -90K. A price movement of 387 pips is expected. Historical events that allowed us to draw this conclusion
20 May 01:30 |
18 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
