We expect GC to trend upwards later today. Based on these past Euro Area Unemployment Rate news events there is a 71.43% chance of this. We expect this to happen if the released value is = 6.6%. A price movement of 604 pips is expected.
Historical events that allowed us to draw this conclusion
01 Aug 09:00 |
01 Jun 09:00 |
10 Jan 10:00 |
02 Dec 10:00 |
03 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
