Based on the last 12 Non Farm Payrolls events in United States, we expect a 362 pip movement on OJ within 12 hours following the event release at 07 May 12:30 UTC. We expect OJ to trend downwards 12 hours following the event release at 07 May 12:30 UTC if the released value is > 978K
Historical events that allowed us to draw this conclusion
02 Apr 12:30 |
06 Nov 13:30 |
07 Aug 12:30 |
02 Jul 12:30 |
05 Jun 12:30 |
08 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
