Based on the last 12 Unemployment Rate events in United Kingdom, we expect ES to trend downwards. Based on these past events there is a 66.67% chance of this. We expect ES to trend downwards for 4 hours because the released value is < 4.4%. A price movement of 2,487 pips is expected. Historical events that allowed us to draw this conclusion
17 Aug 06:00 |
18 May 06:00 |
20 Apr 06:00 |
23 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
