Euro Area Unemployment Rate News Event – a possible $200 movement on NZDUSD

Based on the last 12 Unemployment Rate events in Euro Area, we expect a $200 movement on NZDUSD within 2 hours following the event release at 03 Nov 10:00. We expect NZDUSD to trend downwards 2 hours following the event release at 03 Nov 10:00 if the released value is = 7.4%

Historical events that allowed us to draw this conclusion

30 Sep 09:00
01 Sep 09:00
01 Feb 10:00
02 Dec 10:00