Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect LB to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect LB to trend upwards 48 hours following the event release at 23 Mar 15:00 if the released value is < -14.2. A price movement of 3,005 pips is expected. Historical events that allowed us to draw this conclusion
23 Jan 15:00 |
20 Dec 15:00 |
23 Oct 14:00 |
22 Aug 14:00 |
20 Jun 14:00 |
23 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
