Based on the last 12 Unemployment Rate events in Euro Area, we expect CC to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect CC to trend upwards 4 hours following the event release at 2022-09-01 09:00 if the released value is = 6.6%. A price movement of 7000 pips is expected.
Historical events that allowed us to draw this conclusion
01 Aug 09:00 |
01 Jun 09:00 |
10 Jan 10:00 |
02 Dec 10:00 |
30 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
