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We expect a $0 movement on BR within 48 hours following the event release at 31 Jan 09:00.

Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a $0 movement on BR within 48 hours following the event release at 31 Jan 09:00. We expect BR to trend downwards 48 hours following the event release at 31 Jan 09:00 if the released value is < 0.1% Historical events that allowed us to draw this conclusion

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

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We expect EMD to trend downwards for the next 48 hours.

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