Based on the last 12 Unemployment Rate events in United Kingdom, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 2023-03-14 07:00 if the released value is < 3.8%. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
13 Sep 06:00 |
19 Jul 06:00 |
17 May 06:00 |
15 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
