What to trade around United Kingdom Unemployment Rate news event

Based on the last 12 Unemployment Rate events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 11 Dec 09:30 if the released value is > 4.1%. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

13 Nov 09:30

13 Dec 09:30

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

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