Based on the last 12 Employment Change events in Australia, we expect BP to trend downwards later today. Based on these past events there is a 90% chance of this. We expect BP to trend downwards 4 hours following the event release at 17 Dec 00:30 if the released value is > 50K. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
19 Nov 00:30 |
15 Oct 00:30 |
17 Sep 01:30 |
13 Aug 01:30 |
16 Jul 01:30 |
16 Apr 01:30 |
19 Mar 00:30 |
20 Feb 00:30 |
23 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
