Based on the last 12 Unemployment Rate events in Euro Area, we expect NIY to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is = 6.5%
Historical events that allowed us to draw this conclusion
03 Nov 10:00 |
30 Sep 09:00 |
01 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
