Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 49,250 pip movement on NKD within 48 hours following the event release at 21 Nov 15:00 UTC. We expect NKD to trend downwards 48 hours following the event release at 21 Nov 15:00 UTC if the released value is < -7.3 Historical events that allowed us to draw this conclusion
22 Aug 14:00 |
20 Jun 14:00 |
23 Apr 14:00 |
21 Mar 15:00 |
21 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
