Based on the last 12 Unemployment Rate events in Japan, we expect a $220 movement on AUDUSD within 4 hours following the event release at 30 Oct 10:30. We expect AUDUSD to trend downwards 4 hours following the event release at 30 Oct 10:30 if the released value is = 3.1%
Historical events that allowed us to draw this conclusion
02 Oct 09:30 |
28 Apr 09:30 |
29 Nov 10:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).