We expect NIY to trend upwards for the next 12 hours. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. We expect this to happen because the released value is = 8.4%. A price movement of 20,000 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
01 Oct 09:00 |
09 Jan 10:00 |
29 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
