Based on the last 12 Unemployment Rate events in Euro Area, we expect a 1 pip movement on ED within 4 hours following the event release at 03 Mar 10:00 UTC. We expect ED to trend downwards 4 hours following the event release at 03 Mar 10:00 UTC if the released value is = 7.4%
Historical events that allowed us to draw this conclusion
09 Jan 10:00 |
29 Nov 10:00 |
01 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
