Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect CL to trend upwards later today. Based on these past events there is a 70% chance of this. We expect CL to trend upwards 4 hours following the event release at 2023-02-02 13:15 if the released value is = 3%. A price movement of 163 pips is expected.
Historical events that allowed us to draw this conclusion
27 Oct 12:15 |
08 Sep 12:15 |
09 Jun 11:45 |
14 Apr 11:45 |
03 Feb 12:45 |
16 Dec 12:45 |
28 Oct 11:45 |
22 Jul 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
