HO may trend downwards for the next 48 hours. Based on these past United Kingdom Unemployment Rate news events there is a 80% chance of this. Our expectation is based on that fact that the released value is < 3.8%. A price movement of 9 pips could be expected. Historical events that allowed us to draw this conclusion
18 Jan 07:00 |
16 Nov 07:00 |
17 Aug 06:00 |
18 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
