Based on the last 12 Business Confidence events in EMU, we expect a $200 movement on GBPUSD within 2 hours following the event release at 30 Oct 10:00.
We expect GBPUSD to trend up 2 hours following the event release at 30 Oct 10:00 if the released value is < 1.14
Historical events that allowed us to draw this conclusion
30 Aug 09:00 |
28 Jun 09:00 |
30 Jan 10:00 |
29 Nov 10:00 |
30 Oct 10:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
