Based on the last 12 Unemployment Rate events in Germany, we expect a $420 movement on NZDUSD within 12 hours following the event release at 29 Jul 17:55. We expect NZDUSD to trend upwards 12 hours following the event release at 29 Jul 17:55 if the released value is < 5.8% Historical events that allowed us to draw this conclusion

29 Jan 19:55	01 Dec 19:55
30 Sep 17:55	30 Jul 17:55

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