We expect GBPUSD to trend downwards later today. Based on these past Euro Area Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is = 7.5%. A price movement of 195 pips is expected.
Historical events that allowed us to draw this conclusion
30 Aug 09:00 |
31 Jul 09:00 |
31 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
