Based on the last 12 Unemployment Rate events in Australia, we expect EURUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards for the next 48 hours because the released value is = 5.3%. A price movement of 51 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 01:30 |
15 Aug 01:30 |
18 Jul 01:30 |
18 Apr 01:30 |
21 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
