Euro Area Unemployment Rate News Event – a possible $0.535 movement on NG

Based on the last 12 Unemployment Rate events in Euro Area, a $0.535 movement on NG may occur within 2 hours following the event release at 03 May 09:00. NG could trend downwards 2 hours following the event release at 03 May 09:00 if the released value is < 6.7% Historical events that allowed us to draw this conclusion

03 Mar 10:00
01 Feb 10:00
01 Jul 09:00
01 Jun 09:00