We expect BP to trend downwards later today. Based on these past United States Continuing Jobless Claims news events there is a 80% chance of this. We expect this to happen if the released value is < 2775K. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
05 Aug 12:30 |
15 Jul 12:30 |
24 Jun 12:30 |
10 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
