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There is a 80% chance of RU trending upwards

Based on past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 80% chance of RU trending upwards. We expect this to happen if the released value is = 2.2%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

18 May 09:00
14 Aug 09:00
15 May 09:00
14 Feb 10:00
14 Nov 10:00
15 May 09:00
14 Feb 10:00
14 Nov 10:00

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

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We expect a $57,060 movement on CC within 2 hours following the event release at 16 Nov 10:00.

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GER30 experienced a very large 42 days bullish move to 16,120

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