Based on past Euro Area ECB Interest Rate Decision news events there is a 66.67% chance of NG trending upwards. We expect this to happen if the released value is = 0%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
22 Apr 11:45 |
21 Jan 12:45 |
10 Dec 12:45 |
29 Oct 12:45 |
10 Sep 11:45 |
30 Apr 11:45 |
12 Mar 12:45 |
12 Dec 12:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
