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There is a 75% chance of UB trending downwards

Based on past United States Continuing Jobless Claims news events there is a 75% chance of UB trending downwards. We expect this to happen because the released value is < 1682K. A price movement of 292 pips is expected. Historical events that allowed us to draw this conclusion

12 Sep 12:30
05 Sep 12:30
29 Aug 12:30
22 Aug 12:30
08 Aug 12:30
25 Jul 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 NZDUSD to trend downwards today with a 80% chance.

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