We expect BP to trend upwards later today. Based on these past Euro Area ECB Interest Rate Decision news events there is a 75% chance of this. We expect this to happen if the released value is = 0%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
09 Sep 11:45 |
22 Jul 11:45 |
10 Jun 11:45 |
11 Mar 12:45 |
21 Jan 12:45 |
10 Dec 12:45 |
16 Jul 11:45 |
04 Jun 11:45 |
30 Apr 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
