We expect a $160 movement on EURUSD within 2 hours following the release of ADP Employment Change at 01 May 12:15.
We expect EURUSD to trend down 2 hours following the event release at 01 May 12:15 if the released value is > 170K. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jan 13:15 |
31 Oct 12:15 |
03 Oct 12:15 |
01 Aug 12:15 |
02 May 12:15 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
