Based on the last 12 Unemployment Rate events in Germany, we could expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 31 May 17:55 if the released value is = 5%. A price movement of 29 pips could result.

Historical events that allowed us to draw this conclusion

31 Mar 18:55	30 Nov 19:55
28 Oct 18:55	01 Jun 17:55

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