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We expect EMD to trend upwards today with a 80% chance.

Based on the last 12 Unemployment Rate events in Euro Area, we expect EMD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 7.4% Historical events that allowed us to draw this conclusion

30 Jan 10:00
30 Sep 09:00
04 Jun 09:00
30 Apr 09:00

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

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