We expect TN to trend downwards 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 < -3. A price movement of 130 pips is expected. Historical events that allowed us to draw this conclusion
29 Apr 09:25 |
30 Mar 09:00 |
30 Jan 10:00 |
08 Jan 10:00 |
28 Nov 10:00 |
30 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
