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We expect a 0 pip movement on 6J within 12 hours following the event release.

Based on the last 12 Continuing Jobless Claims events in United States, we expect a 0 pip movement on 6J within 12 hours following the event release at 03 Feb 13:30 UTC. We expect 6J to trend downwards 12 hours following the event release at 03 Feb 13:30 UTC if the released value is > 1620K

Historical events that allowed us to draw this conclusion

27 Jan 13:30
06 Jan 13:30
23 Dec 13:30
09 Dec 13:30
24 Nov 13:30
10 Nov 13:30

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

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