Based on the last 12 Unemployment Rate events in Germany, we expect BZ to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect BZ to trend downwards 48 hours following the event release at 30 Jul 07:55 if the released value is = 6.5%. A price movement of 370 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jan 08:55 |
29 Nov 08:55 |
30 Oct 08:55 |
30 Sep 07:55 |
29 Aug 07:55 |
31 Jul 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
