Based on past Australia Employment Change news events there is a 71.43% chance of NKD trending downwards. We expect this to happen if the released value is > 19K. A price movement of 113250 pips is expected.
Historical events that allowed us to draw this conclusion
17 Nov 00:30 |
16 Jun 01:30 |
17 Feb 00:30 |
20 Jan 00:30 |
16 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
