Based on the last 12 Unemployment Rate events in Euro Area, we expect NKD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NKD to trend upwards 12 hours following the event release at 10 Jan 10:00 if the released value is = 7.2%. A price movement of 34,750 pips is expected.
Historical events that allowed us to draw this conclusion
02 Dec 10:00 |
03 Nov 10:00 |
01 Sep 09:00 |
01 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
