Based on the last 12 Unemployment Rate events in Euro Area, we expect a 0 pip movement on 6E within 12 hours following the event release at 10 Jan 10:00 UTC. We expect 6E to trend downwards 12 hours following the event release at 10 Jan 10:00 UTC if the released value is < 7.2% Historical events that allowed us to draw this conclusion
30 Jul 09:00 |
01 Jun 09:00 |
30 Apr 09:00 |
04 Mar 10:00 |
08 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
