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We expect GC to trend downwards today with a 66.67% chance.

Based on the last 12 Non Farm Payrolls events in United States, we expect GC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend downwards 2 hours following the event release at 04 Jun 12:30 if the released value is < 650K. A price movement of 2,950 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 13:30
04 Dec 13:30
02 Oct 12:30
04 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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FRA40 is quickly approaching 6467.5000. We expect either a breakout through this line, or a rebound.

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