Based on the last 12 Employment Change events in Australia, we expect 6E to trend downwards later today. Based on these past events there is a 77.78% chance of this. We expect 6E to trend downwards 48 hours following the event release at 14 May 01:30 if the released value is > -575K. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 01:30 |
19 Mar 00:30 |
23 Jan 00:30 |
19 Dec 00:30 |
19 Sep 01:30 |
15 Aug 01:30 |
16 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
