Based on past United States Non Farm Payrolls news events there is a 71.43% chance of EMD trending downwards. We expect this to happen because the released value is > 130K. A price movement of 310 pips is expected.
Historical events that allowed us to draw this conclusion
04 Apr 12:30 |
10 Jan 13:30 |
06 Dec 13:30 |
04 Oct 12:30 |
05 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
