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We expect LB to trend upwards today.

Based on the last 12 Non Farm Payrolls events in United States, we expect LB to trend upwards later today. Based on these past events there is a 80% chance of this. We expect LB to trend upwards 12 hours following the event release at 01 Nov 12:30 if the released value is < 89K. A price movement of 3,044 pips is expected. Historical events that allowed us to draw this conclusion

04 Oct 12:30
06 Sep 12:30
07 Jun 12:30
08 Mar 13:30
07 Dec 13:30

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

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We expect a 62 pip movement on USDCAD within 12 hours following the event release.

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We expect CL to trend upwards today with a 66.67% chance.

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