Based on the last 12 Unemployment Rate events in Euro Area, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 02 Jul 09:00 if the released value is = 7.7%. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
|03 Mar 10:00|
|09 Jan 10:00|
|30 Aug 09:00|
|31 Jul 09:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).