Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a 109 pip movement on EURUSD within 12 hours following the event release at 2023-04-28 08:00. We expect EURUSD to trend downwards 12 hours following the event release at 2023-04-28 08:00 if the released value is > 0.2%
Historical events that allowed us to draw this conclusion
31 Oct 09:00 |
29 Jul 08:00 |
29 Oct 08:00 |
30 Jul 08:00 |
30 Apr 08:00 |
02 Feb 09:00 |
30 Oct 09:00 |
31 Jul 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
