Based on the last 12 Business Confidence events in Euro Area, we expect TN to trend upwards later today. Based on these past events there is a 75% chance of this. We expect TN to trend upwards 48 hours following the event release at 27 Sep 09:00 if the released value is < 0.11. A price movement of 108 pips is expected. Historical events that allowed us to draw this conclusion
30 Jul 09:00 |
27 Jun 09:00 |
28 May 09:00 |
29 Apr 09:00 |
30 Jan 10:00 |
08 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
