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We expect YM to trend upwards today.

Based on the last 12 Continuing Jobless Claims events in United States, we expect YM to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect YM to trend upwards 48 hours following the event release at 2022-11-03 12:30 if the released value is > 1450K. A price movement of 125200 pips is expected.

Historical events that allowed us to draw this conclusion

27 Oct 12:30
20 Oct 12:30
13 Oct 12:30
08 Sep 12:30
11 Aug 12:30

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

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We expect a $410 movement on USDCHF within 2 hours following the event release at 2022-11-03 12:30.

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We expect a $1700 movement on GBPUSD within 48 hours following the event release at 2022-11-03 14:00.

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