Be very careful of upcoming volatility because of Italy GDP Growth Rate QoQ Adv news event later today. Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a $330 movement on GBPUSD within 2 hours following the event release at 31 Jul 10:00. We expect this to happen if the released value is > -0.1%. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
14 Nov 09:00 |
15 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
