We expect NG to trend upwards for the next 12 hours. Based on these past Euro Area Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is < 8%. A price movement of 3 pips is expected. Historical events that allowed us to draw this conclusion
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”).
