Based on the last 12 Unemployment Rate events in Euro Area, we expect ES to trend downwards for the next 12 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is = 8.3%
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
01 Oct 09:00 |
03 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
