Based on the last 12 Unemployment Rate events in Australia, we expect a 0 pip movement on 6J within 48 hours following the event release at 17 Oct 00:30 UTC. We expect 6J to trend upwards 48 hours following the event release at 17 Oct 00:30 UTC if the released value is > 5.3%
Historical events that allowed us to draw this conclusion
13 Jun 01:30 |
20 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
