We expect DX to trend upwards today.

Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect DX to trend upwards later today. Based on these past events there is a 75% chance of this. We expect DX to trend upwards 48 hours following the event release at 31 Jul 08:00 if the released value is > -15%. A price movement of 46 pips is expected.

Historical events that allowed us to draw this conclusion

31 Oct 11:00
31 Jul 10:00
30 Apr 10:00

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

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