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There is a 87.5% chance of CC trending downwards

Based on past Italy GDP Growth Rate QoQ Adv news events there is a 87.5% chance of CC trending downwards. We expect this to happen because the released value is > 1.3%. A price movement of 2,350 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 08:00
02 Feb 09:00
30 Oct 09:00
31 Jul 08:00
31 Oct 11:00
31 Jul 10:00
30 Apr 10:00

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

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