We expect LE to trend downwards later today. Based on these past United States Continuing Jobless Claims news events there is a 80% chance of this. We expect this to happen if the released value is > 3655K. A price movement of 682 pips is expected.
Historical events that allowed us to draw this conclusion
06 May 12:30 |
22 Apr 12:30 |
15 Apr 12:30 |
08 Apr 12:30 |
01 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
