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We expect a 472 pip movement on HE within 12 hours following the event release.

Based on the last 12 Adp Employment Change events in United States, we expect a 472 pip movement on HE within 12 hours following the event release at 06 Oct 12:15 UTC. We expect HE to trend downwards 12 hours following the event release at 06 Oct 12:15 UTC if the released value is < 428K Historical events that allowed us to draw this conclusion

04 Aug 12:15
06 Jan 13:15
02 Dec 13:15

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

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