Be very careful of upcoming volatility because of France GDP Growth Rate QoQ 1st Est news event later today. Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect a $480 movement on EURUSD within 12 hours following the event release at 30 Jul 05:30. We expect this to happen if the released value is < 0.3%. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion
27 Jul 05:30 |
28 Apr 05:30 |
28 Oct 05:30 |
29 Jul 05:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
