Based on the last 12 Unemployment Rate events in Germany, we expect CL to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect CL to trend upwards 2 hours following the event release at 30 Jun 07:55 if the released value is = 5.9%. A price movement of 73 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 07:55 |
29 Apr 07:55 |
02 Mar 08:55 |
05 Jan 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
