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We could see a 572 pip movement on GF within 12 hours following this event release.

Based on the last 12 Consumer Confidence Flash events in Euro Area, we may see a 572 pip movement on GF within 12 hours following the event release at 21 Apr 14:00 UTC. GF may trend upwards 12 hours following the event release at 21 Apr 14:00 UTC if the released value is < -20 Historical events that allowed us to draw this conclusion

23 Mar 15:00
21 Dec 15:00
22 Nov 15:00
22 Jul 14:00
22 Jun 14:00

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

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