Based on the last 12 Unemployment Rate events in Euro Area, we expect CC to trend downwards later today. Based on these past events there is a 80% chance of this. We expect CC to trend downwards 12 hours following the event release at 04 Mar 10:00 if the released value is = 8.3%. A price movement of 7,300 pips is expected.
Historical events that allowed us to draw this conclusion
01 Feb 10:00 |
30 Oct 10:00 |
01 Oct 09:00 |
03 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
