United States Unemployment Rate News Event – a $230 opportunity on GBPUSD

We expect a $230 movement on GBPUSD within 4 hours following the release of Unemployment Rate at 07 Dec 13:30. We expect GBPUSD to trend downwards 4 hours following the event release at 07 Dec 13:30 if the released value is = 3.7%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

02 Nov 12:30
02 Feb 13:30
05 Jan 13:30
08 Dec 13:30

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