Based on the last 12 Business Confidence events in Euro Area, we expect DC to trend upwards. Based on these past events there is a 66.67% chance of this. We expect DC to trend upwards for 48 hours because the released value is > -0.28. A price movement of 59 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
29 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
