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We expect 6A to trend downwards today with a 75% chance.

Based on the last 12 Business Confidence events in Euro Area, we expect 6A to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < -2 Historical events that allowed us to draw this conclusion

29 Apr 09:25
30 Mar 09:00
30 Jan 10:00
27 Sep 09:00
30 Jul 09:00
27 Jun 09:00

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

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