We expect SI to trend upwards later today. Based on these past Australia Employment Change news events there is a 75% chance of this. We expect this to happen if the released value is > -35K. A price movement of 126 pips is expected.
Historical events that allowed us to draw this conclusion
13 Aug 01:30 |
16 Apr 01:30 |
20 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
