We expect GBPUSD to trend upwards for the next 48 hours. Based on these past Australia Unemployment Rate news events there is a 75% chance of this. We expect this to happen because the released value is = 5.2%. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jul 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”).
