Based on the last 12 Unemployment Rate events in Germany, we expect SM to trend downwards right now. Based on these past events there is a 70% chance of this. We expect SM to trend downwards for the next 4 hours because the released value is = 5%. A price movement of 164 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jan 08:55 |
30 Oct 08:55 |
29 Aug 07:55 |
31 Jul 07:55 |
01 Jul 07:55 |
31 Jan 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
