Be very careful of upcoming volatility because of United States Continuing Jobless Claims news event later today. Based on the last 12 Continuing Jobless Claims events in United States, we expect a $250 movement on GBPUSD within 4 hours following the event release at 01 Aug 12:30. We expect this to happen if the released value is > 1678K. A price movement of 25 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jul 12:30 |
03 Jul 12:30 |
27 Jun 12:30 |
13 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
