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We expect a $36.895 movement on CL within 12 hours following the event release at 30 Oct 10:00.

Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect a $36.895 movement on CL within 12 hours following the event release at 30 Oct 10:00. We expect CL to trend downwards 12 hours following the event release at 30 Oct 10:00 if the released value is = 9.4%

Historical events that allowed us to draw this conclusion

31 Jul 09:00
31 Jan 10:00
02 May 09:00
30 Jan 10:00

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

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