Based on the last 12 Unemployment Rate events in Euro Area, we expect a 7 pip movement on SB within 2 hours following the event release at 03 Nov 10:00 UTC. We expect SB to trend downwards 2 hours following the event release at 03 Nov 10:00 UTC if the released value is = 7.4%
Historical events that allowed us to draw this conclusion
30 Sep 09:00 |
01 Sep 09:00 |
01 Feb 10:00 |
30 Oct 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
