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We expect CC to trend upwards today.

Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect CC to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect CC to trend upwards 12 hours following the event release at 21 Dec 15:00 if the released value is > -16.8. A price movement of 7,100 pips is expected.

Historical events that allowed us to draw this conclusion

20 Nov 15:00
22 Sep 14:00
21 Aug 14:00
22 Jun 14:00
23 Mar 15:00

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

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