Based on the last 12 Unemployment Rate events in Euro Area, we expect a 4 pip movement on NG within 12 hours following the event release at 01 Jun 09:00 UTC. We expect NG to trend upwards 12 hours following the event release at 01 Jun 09:00 UTC if the released value is < 8.1% Historical events that allowed us to draw this conclusion
30 Apr 09:00 |
08 Jan 10:00 |
02 Jul 09:00 |
03 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
