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We expect NG to trend downwards with a 66.67% chance.

Based on the last 12 Unemployment Change events in Germany, we expect NG to trend downwards. Based on these past events there is a 66.67% chance of this. We expect NG to trend downwards for 4 hours because the released value is < -15K. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion

30 Nov 08:55
31 Aug 07:55
01 Jun 07:55
29 Jan 08:55
05 Jan 08:55
01 Dec 08:55

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

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We expect USDCAD to trend downwards today with a 66.67% chance.

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