Based on the last 12 Unemployment Rate events in United States, we expect a 12 pip movement on AUDUSD within 2 hours following the event release at 02 Aug 12:30 UTC. We expect AUDUSD to trend upwards 2 hours following the event release at 02 Aug 12:30 UTC if the released value is = 3.7%
Historical events that allowed us to draw this conclusion
07 Jun 12:30 |
07 Dec 13:30 |
02 Nov 12:30 |
03 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
