CL could trend downwards later today. Based on these past Germany Unemployment Rate news events there is a 66.67% chance of this. This could happen only if the released value is = 5%. The price movement may be as big as 197 pips.
Historical events that allowed us to draw this conclusion
03 May 07:55 |
31 Mar 07:55 |
30 Nov 08:55 |
01 Jun 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
