Based on the last 12 Business Confidence events in Euro Area, we expect 6M 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 > -0.14
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
27 Feb 10:00 |
29 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
