Based on the last 12 Adp Employment Change events in United States, we expect GF to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GF to trend downwards 4 hours following the event release at 01 Sep 12:15 if the released value is > 613K. A price movement of 223 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jun 12:15 |
03 Feb 13:15 |
30 Sep 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
