Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect a $0.007 movement on 6A within 48 hours following the event release at 12 Sep 11:45. We expect this to happen if the released value is = 0%. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
25 Jul 11:45 |
06 Jun 11:45 |
13 Dec 12:45 |
13 Sep 11:45 |
26 Jul 11:45 |
14 Jun 11:45 |
26 Apr 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
