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We expect BP to trend downwards today with a 75% chance.

We expect BP to trend downwards later today. Based on these past Italy GDP Growth Rate QoQ Adv news events there is a 75% chance of this. We expect this to happen if the released value is > 1.3%. A price movement of 1 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 08:00
02 Feb 09:00
31 Jul 08:00
30 Apr 10:00
31 Oct 11:00
31 Jul 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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