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”).