We expect a $130 movement on GBPUSD within 2 hours following the release of Unemployment Rate at 16 Jul 08:30. We expect GBPUSD to trend upwards 2 hours following the event release at 16 Jul 08:30 if the released value is < 3.8%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
14 May 08:30 |
19 Mar 09:20 |
22 Jan 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
