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There is a 75% chance of 6J trending downwards

Based on past United Kingdom Claimant Count Change news events there is a 75% chance of 6J trending downwards. We expect this to happen because the released value is < 10K. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

16 Jul 06:00
21 Apr 06:00
17 Mar 09:30
18 Feb 09:30
15 Oct 08:30
10 Sep 08:30
13 Aug 08:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a 22,250 pip movement on NKD within 12 hours following the event release.

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