We expect RTY to trend downwards for the next 2 hours. Based on these past United States Non Farm Payrolls news events there is a 71.43% chance of this. We expect this to happen because the released value is < 550K. A price movement of 1,154 pips is expected. Historical events that allowed us to draw this conclusion
08 Oct 12:30 |
03 Sep 12:30 |
04 Jun 12:30 |
05 Feb 13:30 |
08 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).