Based on the last 12 Unemployment Rate events in Euro Area, we expect NIY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend upwards 12 hours following the event release at 2022-12-01 10:00 if the released value is < 6.6%. A price movement of 13750 pips is expected. Historical events that allowed us to draw this conclusion
30 Jun 09:00 |
01 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
