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There is a 70% chance of NQ trending upwards

Based on past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 70% chance of NQ trending upwards. We expect this to happen because the released value is = 0.1%. A price movement of 4,275 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 10:00
15 May 09:00
14 Feb 10:00
14 Nov 10:00
16 May 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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