Based on the last 12 Unemployment Rate events in Euro Area, we expect a 10 pip movement on GBPUSD within 2 hours following the event release at 2023-03-02 10:00. We expect GBPUSD to trend upwards 2 hours following the event release at 2023-03-02 10:00 if the released value is > 6.6%
Historical events that allowed us to draw this conclusion
01 Feb 10:00 |
31 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
