Be very careful of upcoming volatility because of Australia Unemployment Rate news event later today. Based on the last 12 Unemployment Rate events in Australia, we expect a $12,061.595 movement on LB within 48 hours following the event release at 17 Oct 00:30. We expect this to happen if the released value is < 5.3%. A price movement of 3,185 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”).
