Based on the last 12 Employment Change events in Australia, we expect EURUSD to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect EURUSD to trend upwards 12 hours following the event release at 2023-05-18 01:30 if the released value is < 25K. A price movement of 67 pips is expected. Historical events that allowed us to draw this conclusion
16 Feb 00:30 |
19 Jan 00:30 |
20 Oct 00:30 |
15 Sep 01:30 |
19 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
