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We expect RTY to trend upwards today with a 75% chance.

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”).

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