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We expect SB to trend upwards today with a 85.71% chance.

We expect SB to trend upwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 85.71% chance of this. We expect this to happen if the released value is > -14.5. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

18 Feb 15:00
21 Dec 15:00
20 Nov 15:00
22 Sep 14:00
21 Aug 14:00
20 May 14:00
23 Mar 15:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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