Based on past United States Adp Employment Change news events there is a 80% chance of CL trending downwards. We expect this to happen because the released value is < 200K. A price movement of 153 pips is expected. Historical events that allowed us to draw this conclusion
04 May 12:15 |
02 Feb 13:15 |
01 Sep 12:15 |
04 Aug 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
