Based on the last 12 Employment Change events in Australia, we expect a 33,250 pip movement on NIY within 12 hours following the event release at 21 Jan 00:30 UTC. We expect NIY to trend downwards 12 hours following the event release at 21 Jan 00:30 UTC if the released value is > 50K
Historical events that allowed us to draw this conclusion
19 Nov 00:30 |
15 Oct 00:30 |
17 Sep 01:30 |
16 Jul 01:30 |
16 Apr 01:30 |
19 Mar 00:30 |
20 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
