Based on the last 12 Unemployment Rate events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 31 Mar 07:55 if the released value is = 5%. A price movement of 49 pips is expected.
Historical events that allowed us to draw this conclusion
30 Nov 08:55 |
28 Oct 07:55 |
30 Jun 07:55 |
01 Jun 07:55 |
29 Apr 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
