Based on the last 12 Retail Sales MoM events in Australia, we expect a $910 movement on EURUSD within 4 hours following the event release at 2023-01-11 00:30. We expect EURUSD to trend downwards 4 hours following the event release at 2023-01-11 00:30 if the released value is > 0.6%
Historical events that allowed us to draw this conclusion
05 Feb 00:30 |
04 Nov 00:30 |
02 Oct 01:30 |
03 Jul 01:30 |
04 Jun 01:30 |
06 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
