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There is a 77.78% chance of GC trending downwards

Based on past Italy GDP Growth Rate QoQ Adv news events there is a 77.78% chance of GC trending downwards. We expect this to happen because the released value is > 2%. A price movement of 3,365 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jul 08:00
30 Apr 08:00
02 Feb 09:00
31 Jul 08:00
30 Apr 10:00
31 Jul 10:00
30 Apr 10:00

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

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