Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect HO to trend upwards later today. Based on these past events there is a 75% chance of this. We expect HO to trend upwards 2 hours following the event release at 30 Apr 10:00 if the released value is > -5%. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 10:00 |
30 Apr 10:00 |
14 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
