Based on the last 12 Employment Change events in Australia, we expect EMD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EMD to trend upwards 4 hours following the event release at 17 Oct 00:30 if the released value is > 15K. A price movement of 730 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 01:30 |
15 Aug 01:30 |
13 Jun 01:30 |
16 May 01:30 |
21 Feb 00:30 |
24 Jan 00:30 |
15 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
