Based on the last 12 Unemployment Rate events in United Kingdom, we expect GC to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GC to trend upwards 2 hours following the event release at 2023-08-15 06:00 if the released value is > 4%. A price movement of 625 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jul 06:00 |
18 Apr 06:00 |
15 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
