We expect SB to trend upwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 85.71% chance of this. We expect this to happen if the released value is > -14.5. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
18 Feb 15:00 |
21 Dec 15:00 |
20 Nov 15:00 |
22 Sep 14:00 |
21 Aug 14:00 |
20 May 14:00 |
23 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
