Based on the last 12 Unemployment Rate events in Japan, we expect ES to trend downwards. Based on these past events there is a 75% chance of this. We expect ES to trend downwards for 4 hours because the released value is < 2.8%. A price movement of 3,100 pips is expected. Historical events that allowed us to draw this conclusion
30 Sep 23:30 |
29 Jul 23:30 |
29 Apr 23:30 |
29 Mar 23:30 |
01 Mar 23:30 |
28 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
