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We expect a $130 movement on GBPUSD within 2 hours following the release of Unemployment Rate.

We expect a $130 movement on GBPUSD within 2 hours following the release of Unemployment Rate at 16 Jul 08:30. We expect GBPUSD to trend upwards 2 hours following the event release at 16 Jul 08:30 if the released value is < 3.8%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

14 May 08:30
19 Mar 09:20
22 Jan 09:30

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

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XAU/USD Target Level: 1426.8200

XAU/USD Target Level: 1426.8200

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We expect EURUSD to trend downwards today with a 81.82% chance.

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