We expect SM to trend downwards right now.

Based on the last 12 Unemployment Rate events in Germany, we expect SM to trend downwards right now. Based on these past events there is a 70% chance of this. We expect SM to trend downwards for the next 4 hours because the released value is = 5%. A price movement of 164 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jan 08:55

30 Oct 08:55

29 Aug 07:55

31 Jul 07:55

01 Jul 07:55

31 Jan 08:55

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).