Be very careful of upcoming volatility because of United States Continuing Jobless Claims news event later today. Based on the last 12 Continuing Jobless Claims events in United States, we expect a $270 movement on AUDUSD within 48 hours following the event release at 08 Aug 12:30. We expect this to happen if the released value is < 1690K. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion
18 Jul 12:30 |
20 Jun 12:30 |
30 May 12:30 |
23 May 12:30 |
16 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
