We expect FV to trend upwards later today. Based on these past Euro Area Business Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is < -0.28. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion
27 Sep 09:00 |
27 Jun 09:00 |
28 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
