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We expect a 1,155 pip movement on GC within 4 hours following the event release.

Based on the last 12 Unemployment Rate events in Euro Area, we expect a 1,155 pip movement on GC within 4 hours following the event release at 08 Jan 10:00 UTC. We expect GC to trend upwards 4 hours following the event release at 08 Jan 10:00 UTC if the released value is = 8.5%

Historical events that allowed us to draw this conclusion

30 Oct 10:00
01 Oct 09:00
03 Mar 10:00
09 Jan 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect RU to trend upwards for the next 48 hours.

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We expect 6S to trend downwards for the next 2 hours.

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