United States Continuing Jobless Claims News Event – a $200 opportunity on GBPUSD

We expect a $200 movement on GBPUSD within 2 hours following the release of Continuing Jobless Claims at 09 Sep 22:30. We expect GBPUSD to trend downwards 2 hours following the event release at 09 Sep 22:30 if the released value is > 2744K. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

26 Aug 22:30
19 Aug 22:30
22 Jul 22:30
01 Jul 22:30
17 Jun 22:30

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