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There is a 80% chance of HG trending downwards

Based on past United States Continuing Jobless Claims news events there is a 80% chance of HG trending downwards. We expect this to happen if the released value is < 1723K. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion

05 Mar 13:30
30 Jan 13:30
23 Jan 13:30
16 Jan 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a $0 movement on 6M within 4 hours following the event release at 12 Mar 10:00.

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We expect NIY to trend downwards today with a 75% chance.

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