Based on the last 12 Employment Change events in Australia, we expect GI to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GI to trend downwards 2 hours following the event release at 20 Feb 00:30 if the released value is < 10K. A price movement of 659 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
