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We expect a 0 pip movement on 6E within 2 hours following the event release.

Based on the last 12 Unemployment Change events in Germany, we expect a 0 pip movement on 6E within 2 hours following the event release at 01 Feb 08:55 UTC. We expect 6E to trend upwards 2 hours following the event release at 01 Feb 08:55 UTC if the released value is < -6K Historical events that allowed us to draw this conclusion

04 Jan 08:55
30 Nov 08:55
29 Jul 07:55
31 Mar 07:55
29 Jan 08:55
05 Jan 08:55

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

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