We expect a 0 pip movement on RA within 4 hours following the event release.

Based on the last 12 Business Confidence events in Euro Area, we expect a 0 pip movement on RA within 4 hours following the event release at 08 Jan 10:00 UTC. We expect RA to trend upwards 4 hours following the event release at 08 Jan 10:00 UTC if the released value is < -0.16Historical events that allowed us to draw this conclusion

28 Nov 10:00
30 Jul 09:00
27 Jun 09:00
28 May 09:00
29 Apr 09:00
28 Mar 10:00
30 Jan 10:00
08 Jan 10:00

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

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