Based on the last 12 Business Confidence events in Euro Area, we expect a 0 pip movement on RA within 4 hours following the event release at 08 Jan 10:00 UTC. We expect RA to trend upwards 4 hours following the event release at 08 Jan 10:00 UTC if the released value is < -0.16 Historical events that allowed us to draw this conclusion
28 Nov 10:00 |
30 Jul 09:00 |
27 Jun 09:00 |
28 May 09:00 |
29 Apr 09:00 |
28 Mar 10:00 |
30 Jan 10:00 |
08 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
