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We expect EMD to trend upwards today.

Based on the last 12 Employment Change events in Australia, we expect EMD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EMD to trend upwards 4 hours following the event release at 17 Oct 00:30 if the released value is > 15K. A price movement of 730 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 01:30
15 Aug 01:30
13 Jun 01:30
16 May 01:30
21 Feb 00:30
24 Jan 00:30
15 Nov 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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