Be very careful of upcoming volatility because of Euro Area Unemployment Rate news event later today. Based on the last 12 Unemployment Rate events in Euro Area, we expect a $960 movement on AUDUSD within 48 hours following the event release at 30 Sep 09:00. We expect this to happen if the released value is = 7.5%. A price movement of 96 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 09:00 |
01 Apr 09:00 |
31 Jan 10:00 |
01 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
