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We expect 6M to trend upwards today with a 72.73% chance.

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect 6M to trend upwards later today. Based on these past events there is a 72.73% chance of this. This may happen if the released value is = -12.1%

Historical events that allowed us to draw this conclusion

15 May 09:00
14 Nov 10:00
15 May 09:00
14 Feb 10:00
14 Nov 10:00
15 May 09:00
14 Feb 10:00

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

Total
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We expect GC to trend upwards today.

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JPN225 – breach of a trending support line that has been tested at least twice before.

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