We expect GC to trend downwards for the next 4 hours. Based on these past United Kingdom Claimant Count Change news events there is a 71.43% chance of this. We expect this to happen because the released value is < 50K. A price movement of 1,780 pips is expected. Historical events that allowed us to draw this conclusion
15 Sep 06:00 |
16 Jul 06:00 |
21 Apr 06:00 |
18 Feb 09:30 |
21 Jan 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
