We expect a $2.679 movement on ZR within the next 12 hours.

We expect a $2.679 movement on ZR within the next 12 hours. We expect ZR to trend upwards 12 hours following the Consumer Confidence Flash events in Euro Area release because the released value is < -7.8. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion

20 Dec 15:00

23 Oct 14:00

22 Aug 14:00

20 Jun 14:00

21 Mar 15:00

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