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We expect 6E to trend downwards today with a 77.78% chance.

Based on the last 12 Employment Change events in Australia, we expect 6E to trend downwards later today. Based on these past events there is a 77.78% chance of this. We expect 6E to trend downwards 48 hours following the event release at 14 May 01:30 if the released value is > -575K. A price movement of 1 pips is expected.

Historical events that allowed us to draw this conclusion

16 Apr 01:30
19 Mar 00:30
23 Jan 00:30
19 Dec 00:30
19 Sep 01:30
15 Aug 01:30
16 May 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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