We expect a $3545300 movement on NIY within 48 hours following the release of Unemployment Rate at 2023-07-11 06:00. We expect NIY to trend downwards 48 hours following the event release at 2023-07-11 06:00 if the released value is > 3.8%. A price movement of 11000 pips is expected.
Historical events that allowed us to draw this conclusion
18 Apr 06:00 |
15 Nov 07:00 |
14 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
