We expect CL to trend downwards later today. Based on these past United Kingdom Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is < 3.8%. A price movement of 428 pips is expected. Historical events that allowed us to draw this conclusion
16 Nov 07:00 |
17 Aug 06:00 |
18 May 06:00 |
20 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
