We expect NIY to trend upwards right now.

Based on the last 12 Adp Employment Change events in United States, we expect NIY to trend upwards right now. Based on these past events there is a 80% chance of this. We expect NIY to trend upwards for the next 48 hours because the released value is < 950K. A price movement of 80,500 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 12:15

06 May 12:15

04 Dec 13:15

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