Based on the last 12 Employment Change events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 18 Jul 01:30 if the released value is > 10K. A price movement of 67 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jun 01:30 |
16 May 01:30 |
18 Apr 01:30 |
24 Jan 00:30 |
15 Nov 00:30 |
19 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
