We expect BP to trend downwards later today. Based on these past Italy GDP Growth Rate QoQ Adv news events there is a 75% chance of this. We expect this to happen if the released value is > 1.3%. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
30 Apr 08:00 |
02 Feb 09:00 |
31 Jul 08:00 |
30 Apr 10:00 |
31 Oct 11:00 |
31 Jul 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
