We expect ZC to trend downwards for the next 12 hours. Based on these past United Kingdom Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is = 4.7%. A price movement of 2600 pips is expected.
Historical events that allowed us to draw this conclusion
13 May 06:00 |
15 Apr 06:00 |
17 Dec 07:00 |
10 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
