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US ADP Employment Change News Event – a $160 opportunity on

US ADP Employment Change News Event – a $160 opportunity on

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”)

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