We expect S to trend upwards for the next 2 hours. Based on these past France GDP Growth Rate QoQ 1st Est news events there is a 80% chance of this. We expect this to happen because the released value is > 0.1%. A price movement of 475 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jan 06:30 |
30 Oct 06:30 |
31 Jul 05:30 |
30 Jan 06:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
