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We expect SI to trend upwards today with a 75% chance.

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”).

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US30 – breach of a trending support line that has been tested at least twice before.

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We expect NIY to trend downwards for the next 2 hours.

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