Based on the last 12 Business Confidence events in Euro Area, we expect a 0 pip movement on RA within 2 hours following the event release at 30 Mar 09:00 UTC. We expect RA to trend downwards 2 hours following the event release at 30 Mar 09:00 UTC if the released value is > -0.05
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
