We expect ES to trend downwards later today. Based on these past United States Non Farm Payrolls news events there is a 83.33% chance of this. We expect this to happen if the released value is < 75K. A price movement of 235 pips is expected. Historical events that allowed us to draw this conclusion
01 Aug 12:30 |
07 Mar 13:30 |
07 Feb 13:30 |
01 Nov 12:30 |
06 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
