Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect UB to trend upwards. Based on these past events there is a 71.43% chance of this. We expect UB to trend upwards for 48 hours because the released value is > -17.7. A price movement of 567 pips is expected.
Historical events that allowed us to draw this conclusion
22 Sep 14:00 |
20 May 14:00 |
23 Mar 15:00 |
20 Feb 15:00 |
21 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
