Based on the last 12 Continuing Jobless Claims events in United States, we expect HE to trend downwards later today. Based on these past events there is a 75% chance of this. We expect HE to trend downwards 2 hours following the event release at 05 Nov 13:30 if the released value is > 7200K. A price movement of 78 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
