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We expect NIY to trend downwards with a 70% chance.

Based on the last 12 Continuing Jobless Claims events in United States, we expect NIY to trend downwards. Based on these past events there is a 70% chance of this. We expect NIY to trend downwards for 12 hours because the released value is < 4700K. A price movement of 23,000 pips is expected. Historical events that allowed us to draw this conclusion

21 Jan 13:30
14 Jan 13:30
31 Dec 13:30
17 Dec 13:30
03 Dec 13:30
19 Nov 13:30
12 Nov 13:30

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

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