We expect PL to trend upwards later today. Based on these past Italy GDP Growth Rate QoQ Adv news events there is a 75% chance of this. We expect this to happen if the released value is < -2.2%. A price movement of 2,250 pips is expected. Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
30 Oct 09:00 |
14 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
