Based on the last 12 Unemployment Rate events in Euro Area, we expect CL to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect CL to trend upwards for the next 48 hours because the released value is < 8.3%. A price movement of 516 pips is expected. Historical events that allowed us to draw this conclusion
04 Mar 10:00 |
08 Jan 10:00 |
02 Jul 09:00 |
03 Jun 09:00 |
30 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
