We expect PL to trend upwards for the next 48 hours. Based on these past United States Non Farm Payrolls news events there is a 75% chance of this. We expect this to happen because the released value is < 850K. A price movement of 1,519 pips is expected.Historical events that allowed us to draw this conclusion
|04 Sep 12:30|
|03 Apr 12:30|
|10 Jan 13:30|
|04 Oct 12:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).