Based on the last 12 Adp Employment Change events in United States, we expect NIY to trend upwards right now. Based on these past events there is a 80% chance of this. We expect NIY to trend upwards for the next 48 hours because the released value is < 950K. A price movement of 80,500 pips is expected. Historical events that allowed us to draw this conclusion
01 Jul 12:15 |
06 May 12:15 |
04 Dec 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
