We expect NIY to trend downwards for the next 2 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 83.33% chance of this. We expect this to happen because the released value is > -25.8. A price movement of 24000 pips is expected.
Historical events that allowed us to draw this conclusion
23 Aug 14:00 |
20 May 14:00 |
21 Apr 14:00 |
21 Jan 15:00 |
21 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
