Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect ZR to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect ZR to trend downwards 4 hours following the event release at 20 Dec 15:00 if the released value is < -7. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion
23 Oct 14:00 |
22 Aug 14:00 |
23 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
