We expect UB to trend downwards for the next 48 hours. Based on these past France GDP Growth Rate QoQ 1st Est news events there is a 75% chance of this. We expect this to happen because the released value is < 0.2%. A price movement of 81 pips is expected. Historical events that allowed us to draw this conclusion
30 Apr 05:30 |
31 Jan 06:30 |
30 Jul 05:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
