We expect EURUSD to trend downwards later today. Based on these past United States Continuing Jobless Claims news events there is a 80% chance of this. We expect this to happen if the released value is < 1350K. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion
24 Mar 12:30 |
24 Feb 13:30 |
17 Feb 13:30 |
13 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
