We expect GI to trend upwards later today. Based on these past Euro Area Business Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is > -0.19. A price movement of 3,032 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
29 Aug 09:00 |
27 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
