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There is a 75% chance of CC trending upwards

Based on past Euro Area Consumer Confidence Flash news events there is a 75% chance of CC trending upwards. We expect this to happen because the released value is > -15. A price movement of 7,100 pips is expected.

Historical events that allowed us to draw this conclusion

21 Dec 15:00
20 Nov 15:00
22 Sep 14:00
21 Aug 14:00
22 Jun 14:00
23 Mar 15:00

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

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