We expect TN to trend downwards for the next 48 hours. Based on these past Euro Area Deposit Facilty Rate news events there is a 72.73% chance of this. We expect this to happen because the released value is = 3.75%. A price movement of 248 pips is expected.
Historical events that allowed us to draw this conclusion
11 Apr 12:15 |
07 Mar 13:15 |
27 Jul 12:15 |
15 Jun 12:15 |
04 May 12:15 |
16 Mar 13:15 |
02 Feb 13:15 |
15 Dec 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
