Based on the last 12 Employment Change events in Australia, we expect SI to trend downwards. Based on these past events there is a 75% chance of this. We expect SI to trend downwards for 4 hours because the released value is > 30K. A price movement of 33 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 |
19 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
