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We expect YM to trend upwards today.

Based on the last 12 Unemployment Rate events in United Kingdom, we expect YM to trend upwards later today. Based on these past events there is a 80% chance of this. We expect YM to trend upwards 2 hours following the event release at 2024-11-12 07:00 if the released value is < 4.1%. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion

15 Oct 06:00
13 Aug 06:00
12 Dec 07:00
14 Nov 07:00

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

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We expect a $200 movement on AUDUSD within the next 4 hours.

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We expect a $125 movement on USDCHF within 12 hours following the release of Unemployment Rate.

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