Based on the last 12 Unemployment Rate events in United Kingdom, we expect DC to trend upwards. Based on these past events there is a 66.67% chance of this. We expect DC to trend upwards for 4 hours because the released value is < 3.9%. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion
14 May 08:30 |
19 Mar 09:20 |
22 Jan 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
