Based on the last 12 Unemployment Rate events in United Kingdom, a $375.377 movement could occur on CL within 12 hours following the event release at 14 Jun 06:00. We expect CL to trend downwards 12 hours following the event release at 14 Jun 06:00 if the released value is = 3.6%
Historical events that allowed us to draw this conclusion
15 Feb 07:00 |
14 Dec 07:00 |
12 Oct 06:00 |
14 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
