Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect EMD to trend downwards later today. Based on these past events there is a 70% chance of this. We expect EMD to trend downwards 4 hours following the event release at 14 Nov 10:00 if the released value is = 0.2%. A price movement of 1,910 pips is expected.
Historical events that allowed us to draw this conclusion
14 Aug 09:00 |
15 May 09:00 |
14 Feb 10:00 |
14 Nov 10:00 |
15 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
