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We expect NIY to trend upwards for the next 12 hours.

We expect NIY to trend upwards for the next 12 hours. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. We expect this to happen because the released value is = 8.4%. A price movement of 20,000 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 10:00
01 Oct 09:00
09 Jan 10:00
29 Nov 10:00

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

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We expect a $1,085.6 movement on UB within 48 hours following the event release at 02 Dec 10:00.

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Important price line breached by CORN MARCH 2021. This price has been tested numerous times before.

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