Based on the last 12 Unemployment Rate events in Euro Area, we expect FV to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect FV to trend upwards 48 hours following the event release at 01 Feb 10:00 if the released value is = 7.1%. A price movement of 25 pips is expected.
Historical events that allowed us to draw this conclusion
10 Jan 10:00 |
02 Dec 10:00 |
03 Nov 10:00 |
30 Sep 09:00 |
01 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
