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We expect NIY to trend downwards with a 80% chance.

We expect a $20973900 movement on NIY within the next 48 hours. We expect NIY to trend downwards 48 hours following the GDP Growth Rate QoQ Adv events in Italy release because the released value is > 0.3%. A price movement of 75500 pips is expected.

Historical events that allowed us to draw this conclusion

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

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

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