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We expect LE to trend downwards today.

Based on the last 12 Non Farm Payrolls events in United States, we expect LE to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > 160K

Historical events that allowed us to draw this conclusion

10 Jan 13:30
06 Dec 13:30
04 Oct 12:30
05 Apr 12:30
08 Mar 13:30

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

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A Falling Wedge has formed, ETHEUR is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

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We expect a $600 movement on AUDUSD within 12 hours following the release of Non Farm Payrolls.

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