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We expect MW to trend upwards today.

Based on the last 12 Claimant Count Change events in United Kingdom, we expect MW to trend upwards later today. Based on these past events there is a 75% chance of this. We expect MW to trend upwards 2 hours following the event release at 16 Jun 06:00 if the released value is > 400K. A price movement of 387 pips is expected.

Historical events that allowed us to draw this conclusion

19 May 06:00
17 Dec 09:30
12 Nov 09:30
16 Jul 08:30
11 Jun 08:30

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

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

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We expect MW to trend upwards for the next 4 hours.

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