Based on past United States Non Farm Payrolls news events there is a 71.43% chance of EMD trending upwards. We expect this to happen if the released value is > 50K. A price movement of 421 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jul 12:30 |
06 Jun 12:30 |
02 May 12:30 |
04 Apr 12:30 |
10 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
