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We expect a 0 pip movement on RA within 2 hours following the event release.

Based on the last 12 Business Confidence events in Euro Area, we expect a 0 pip movement on RA within 2 hours following the event release at 30 Mar 09:00 UTC. We expect RA to trend downwards 2 hours following the event release at 30 Mar 09:00 UTC if the released value is > -0.05

Historical events that allowed us to draw this conclusion

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

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We expect a $8,212.75 movement on ES within 4 hours following the event release at 30 Mar 07:00.

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We expect SP to trend upwards for the next 48 hours.

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