Based on the last 12 Unemployment Rate events in Euro Area, we expect a 1,155 pip movement on GC within 4 hours following the event release at 08 Jan 10:00 UTC. We expect GC to trend upwards 4 hours following the event release at 08 Jan 10:00 UTC if the released value is = 8.5%
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
01 Oct 09:00 |
03 Mar 10:00 |
09 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
