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We expect CL to trend upwards today with a 70% chance.

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”).

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Esperamos un movimiento en $550 del GBPUSD dentro de 2 horas siguiendo la publicación de Peticiones Por Desempleo Continuas el 2023-02-02 13:30.

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