We expect EMD to trend downwards later today. Based on these past Germany Unemployment Rate news events there is a 72.73% chance of this. We expect this to happen if the released value is = 5%. A price movement of 7,690 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jan 08:55 |
29 Nov 08:55 |
30 Oct 08:55 |
30 Sep 07:55 |
31 Jul 07:55 |
01 Jul 07:55 |
30 Apr 07:55 |
01 Mar 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
