Based on the last 12 Consumer Confidence Flash events in Euro Area, we may see a 165 pip movement on TN within 48 hours following the event release at 22 Jun 14:00 UTC. TN may trend upwards 48 hours following the event release at 22 Jun 14:00 UTC if the released value is > -20.5
Historical events that allowed us to draw this conclusion
20 May 14:00 |
21 Apr 14:00 |
21 Jan 15:00 |
21 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
