Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect CC to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect CC to trend upwards 12 hours following the event release at 21 Dec 15:00 if the released value is > -16.8. A price movement of 7,100 pips is expected.
Historical events that allowed us to draw this conclusion
20 Nov 15:00 |
22 Sep 14:00 |
21 Aug 14:00 |
22 Jun 14:00 |
23 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
