Be very careful of upcoming volatility because of the EMU GDP Growth Rate QoQ Flash news event later today. Based on the last 12 GDP Growth Rate QoQ Flash events in EMU, we expect a $220 movement on EURUSD within 4 hours following the event release at 30 Apr 09:00.
We expect this to happen if the released value is = 0.1%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
02 May 09:00 |
30 Jan 10:00 |
31 Oct 10:00 |
03 May 09:00 |
29 Jul 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
