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We expect NKD to trend upwards today with a 80% chance.

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”).

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We expect NZDUSD to trend downwards today with a 80% chance.

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