Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect NG to trend upwards. Based on these past events there is a 75% chance of this. We expect NG to trend upwards for 48 hours because the released value is = 0%. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
09 Sep 11:45 |
22 Jul 11:45 |
10 Jun 11:45 |
22 Apr 11:45 |
21 Jan 12:45 |
10 Dec 12:45 |
29 Oct 12:45 |
10 Sep 11:45 |
30 Apr 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
