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We expect UB to trend upwards today.

Based on the last 12 Unemployment Rate events in France, we expect UB to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect UB to trend upwards 2 hours following the event release at 10 Nov 06:30 if the released value is < 7.9%. A price movement of 81 pips is expected. Historical events that allowed us to draw this conclusion

13 Aug 05:30
14 May 05:30
13 Feb 06:30
14 Aug 05:30
16 May 05:30
14 Feb 06:30
20 Nov 06:30
14 Aug 05:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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