CURRENCY VOLATILITY
FUNDAMENTALS.
8:30pm (NY Time) AU Employment Change Forecast 7.2K Previous 17.4K
8:30pm (NY Time) AU Unemployment Rate Forecast 6.2% Previous 6.3%
DEVIATION: 25K (BUY AUD @ +32.2K / SELL AUD @ -17.8K)
[b]The Trade Plan
The deviation that we are looking for is at least of 25K. Historically a 25K~30K of difference has produced about 40~50 pips of movement in the direction of the difference about 75% of the time. Expect to see the effect of this news to last minimum 45 minutes to 2 hours; typical news effect should last under 2 hours. One other important news to pay attention to is the Unemployment Rate, which is expected to drop to 6.2%. If we don´t get a conflict with the Employment Change, then we will proceed with the trading plan.
[/b]In pictures from above,we have historical time of volatility.
Good Look !
FUNDAMENTALS.
8:30pm (NY Time) AU Employment Change Forecast 7.2K Previous 17.4K
8:30pm (NY Time) AU Unemployment Rate Forecast 6.2% Previous 6.3%
DEVIATION: 25K (BUY AUD @ +32.2K / SELL AUD @ -17.8K)
[b]The Trade Plan
The deviation that we are looking for is at least of 25K. Historically a 25K~30K of difference has produced about 40~50 pips of movement in the direction of the difference about 75% of the time. Expect to see the effect of this news to last minimum 45 minutes to 2 hours; typical news effect should last under 2 hours. One other important news to pay attention to is the Unemployment Rate, which is expected to drop to 6.2%. If we don´t get a conflict with the Employment Change, then we will proceed with the trading plan.
[/b]In pictures from above,we have historical time of volatility.
Good Look !