Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect GC to trend upwards later today. Based on these past events there is a 81.82% chance of this. We expect GC to trend upwards 2 hours following the event release at 14 Aug 09:00 if the released value is = -12.1%. A price movement of 1,065 pips is expected.
Historical events that allowed us to draw this conclusion
14 Aug 09:00 |
14 Feb 10:00 |
14 Nov 10:00 |
16 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
