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”).
