We expect S to trend downwards later today. Based on these past United Kingdom Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is = 3.7%. A price movement of 1125 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jan 07:00 |
16 Aug 06:00 |
15 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
