Based on the last 12 Employment Change events in Australia, we expect a $950 movement on GBPUSD within 12 hours following the event release at 17 Sep 11:30. We expect GBPUSD to trend downwards 12 hours following the event release at 17 Sep 11:30 if the released value is > -50K
Historical events that allowed us to draw this conclusion
16 Jul 11:30 |
19 Mar 11:30 |
20 Feb 11:30 |
23 Jan 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).