Based on the last 12 Unemployment Rate events in AU, we expect GBPUSD to trend up later today. Based on these past events there is a 75.0% of this.
We expect GBPUSD to trend up 4 hours following the event release at 18 Oct 00:30 if the released value is < 5.3%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
16 Aug 01:30 |
14 Jun 01:30 |
16 Nov 00:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
