Based on the last 12 Unemployment Change events in Germany, we expect NG to trend downwards. Based on these past events there is a 66.67% chance of this. We expect NG to trend downwards for 4 hours because the released value is < -15K. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion
30 Nov 08:55 |
31 Aug 07:55 |
01 Jun 07:55 |
29 Jan 08:55 |
05 Jan 08:55 |
01 Dec 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
