Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we expect HG to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect HG to trend downwards 48 hours following the event release at 30 Sep 08:30 if the released value is = -0.2%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
28 Jun 08:30 |
29 Mar 09:30 |
28 Sep 08:30 |
29 Sep 08:30 |
30 Jun 08:30 |
31 Mar 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
