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”).