Based on the last 12 Unemployment Rate events in Germany, we expect RTY to trend upwards later today. Based on these past events there is a 75% chance of this. We expect RTY to trend upwards 12 hours following the event release at 29 Apr 07:55 if the released value is = 6%. A price movement of 3,975 pips is expected.
Historical events that allowed us to draw this conclusion
31 Mar 07:55 |
05 Jan 08:55 |
01 Sep 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
