We expect BO to trend downwards for the next 12 hours. Based on these past United States Non Farm Payrolls news events there is a 75% chance of this. We expect this to happen because the released value is < 469K. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion
02 Oct 12:30 |
03 Apr 12:30 |
10 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
