Based on past Australia Unemployment Rate news events there is a 80% chance of NIY trending upwards. We expect this to happen because the released value is = 5.3%. A price movement of 10,250 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 01:30 |
18 Apr 01:30 |
21 Feb 00:30 |
13 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
