Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect EURUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 30 Jul 05:30 if the released value is < 0.3%. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion
27 Jul 05:30 |
28 Apr 05:30 |
28 Oct 05:30 |
29 Jul 05:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
