Based on the last 12 Adp Employment Change events in United States, we could expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 12 hours following the event release at 04 May 12:15 if the released value is < 395K. A price movement of 27 pips could result. Historical events that allowed us to draw this conclusion
02 Feb 13:15 |
04 Aug 12:15 |
05 May 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
