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We expect PL to trend upwards today.

Based on the last 12 Unemployment Rate events in Australia, we expect PL to trend upwards later today. Based on these past events there is a 75% chance of this. We expect PL to trend upwards 48 hours following the event release at 19 Sep 01:30 if the released value is < 5.3%. A price movement of 2,219 pips is expected. Historical events that allowed us to draw this conclusion

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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We expect a 1 pip movement on ED within 4 hours following the event release.

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