Based on the last 12 Employment Change events in Australia, we expect EURUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards for 12 hours because the released value is > -50K. A price movement of 249 pips is expected.
Historical events that allowed us to draw this conclusion
|16 Jul 01:30|
|16 Apr 01:30|
|19 Mar 00:30|
|20 Feb 00:30|
|23 Jan 00:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).