We expect CL to trend downwards later today. Based on these past Australia Employment Change news events there is a 77.78% chance of this. We expect this to happen if the released value is > -40K. A price movement of 194 pips is expected.
Historical events that allowed us to draw this conclusion
19 Mar 00:30 |
20 Feb 00:30 |
23 Jan 00:30 |
19 Dec 00:30 |
19 Sep 01:30 |
13 Jun 01:30 |
16 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
