We expect BO to trend downwards for the next 2 hours. Based on these past United States Non Farm Payrolls news events there is a 83.33% chance of this. We expect this to happen because the released value is > 89K. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
05 Apr 12:30 |
01 Feb 13:30 |
04 Jan 13:30 |
02 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
