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We expect EURUSD to trend upwards today with a 80% chance.

We expect EURUSD to trend upwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 80% chance of this. We expect this to happen if the released value is < -14. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

27 Jun 23:01
29 Apr 23:01
29 Nov 18:01
27 Sep 23:01

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

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We expect BP to trend downwards today with a 80% chance.

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