Based on the last 12 Unemployment Rate events in Euro Area, we expect 6J to trend downwards. Based on these past events there is a 66.67% chance of this. We expect 6J to trend downwards for 4 hours because the released value is = 8.1%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
09 Jan 10:00 |
29 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
