We expect HG to trend upwards today with a 66.67% chance.

We expect HG to trend upwards later today. Based on these past Euro Area GDP Growth Rate QoQ Flash news events there is a 66.67% chance of this. We expect this to happen if the released value is = -12%. A price movement of 3 pips is expected.

Historical events that allowed us to draw this conclusion

02 May 09:00
30 Jan 10:00
31 Oct 10:00

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

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