Based on the last 12 Business Confidence events in Euro Area, we expect SB to trend upwards. Based on these past events there is a 66.67% chance of this. We expect SB to trend upwards for 12 hours because the released value is > 0.08. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
29 Nov 10:00 |
27 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
