Based on the last 12 Unemployment Rate events in Germany, we expect a 100 pip movement on AUDUSD within 12 hours following the event release at 2023-04-28 17:55. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-04-28 17:55 if the released value is = 5.6%

Historical events that allowed us to draw this conclusion

02 Nov 19:55	30 Sep 17:55
31 Aug 17:55	29 Jul 17:55
31 May 17:55	03 May 17:55

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