Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect UB to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect UB to trend upwards 4 hours following the event release at 20 Feb 15:00 if the released value is < -8.2. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion
20 Dec 15:00 |
21 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
