Based on past Australia Employment Change news events there is a 75% chance of GC trending downwards. We expect this to happen if the released value is < -125K. A price movement of 310 pips is expected. Historical events that allowed us to draw this conclusion
14 May 01:30 |
17 Oct 00:30 |
18 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
