We expect 6A to trend downwards later today. Based on these past Australia Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is < -30K. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
14 May 01:30 |
14 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
