Based on the last 12 Unemployment Rate events in Euro Area, we expect SB to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect SB to trend downwards 48 hours following the event release at 30 Jul 09:00 if the released value is < 7.9%. A price movement of 78 pips is expected. Historical events that allowed us to draw this conclusion
01 Jul 09:00 |
01 Jun 09:00 |
04 Mar 10:00 |
01 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
