Based on the last 12 Unemployment Rate events in United Kingdom, we expect a 1237 pip movement on ES within 4 hours following the event release at 2024-01-16 07:00. We expect ES to trend upwards 4 hours following the event release at 2024-01-16 07:00 if the released value is = 4.2%
Historical events that allowed us to draw this conclusion
14 Feb 07:00 |
17 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
