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We expect SB to trend downwards today with a 75% chance.

We expect SB to trend downwards later today. Based on these past United States Continuing Jobless Claims news events there is a 75% chance of this. We expect this to happen if the released value is > 5200K. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

10 Dec 13:30
25 Nov 13:30
29 Oct 12:30

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

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Important price line being approached by Gold FEBRUARY 2021. This price has been tested numerous times before.

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