Based on the last 12 Unemployment Rate events in United Kingdom, we expect YM to trend upwards later today. Based on these past events there is a 80% chance of this. We expect YM to trend upwards 2 hours following the event release at 2024-11-12 07:00 if the released value is < 4.1%. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion
15 Oct 06:00 |
13 Aug 06:00 |
12 Dec 07:00 |
14 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
