We expect a $49.926 movement on CRD within the next 12 hours.

We expect a $49.926 movement on CRD within the next 12 hours. We expect CRD to trend downwards 12 hours following the Business Confidence events in Euro Area release because the released value is > -3. A price movement of 157 pips is expected.

Historical events that allowed us to draw this conclusion

27 Feb 10:00

30 Oct 10:00

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