We expect ED to trend downwards for the next 48 hours. Based on these past United Kingdom GfK Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is > -8. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
20 Dec 00:01 |
29 Mar 00:01 |
28 Feb 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
