We expect YM to trend downwards later today. Based on these past United Kingdom Claimant Count Change news events there is a 75% chance of this. We expect this to happen if the released value is < 35K. A price movement of 31,950 pips is expected. Historical events that allowed us to draw this conclusion
13 Oct 06:00 |
15 Sep 06:00 |
16 Jul 06:00 |
21 Apr 06:00 |
18 Feb 09:30 |
21 Jan 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
