Based on the last 12 Unemployment Rate events in Australia, we expect a 5,500 pip movement on CC within 12 hours following the event release at 11 Nov 00:30 UTC. We expect CC to trend downwards 12 hours following the event release at 11 Nov 00:30 UTC if the released value is < 4.8% Historical events that allowed us to draw this conclusion
16 Sep 01:30 |
19 Aug 01:30 |
15 Jul 01:30 |
17 Jun 01:30 |
20 May 01:30 |
18 Mar 00:30 |
21 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
