Based on past Australia Employment Change news events there is a 87.5% chance of UB trending upwards. We expect this to happen if the released value is > 35K. A price movement of 64 pips is expected.
Historical events that allowed us to draw this conclusion
17 Dec 00:30 |
19 Nov 00:30 |
15 Oct 00:30 |
17 Sep 01:30 |
13 Aug 01:30 |
16 Jul 01:30 |
16 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
