Be very careful of upcoming volatility because of Australia Employment Change news event later today. Based on the last 12 Employment Change events in Australia, we expect a $0.014 movement on AC within 12 hours following the event release at 17 Oct 00:30. We expect this to happen if the released value is < 15K. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
18 Jul 01:30 |
21 Mar 00:30 |
18 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
