We expect NIY to trend downwards later today. Based on these past United States PPI MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is > 0.3%. A price movement of 295 pips is expected.
Historical events that allowed us to draw this conclusion
12 Dec 13:30 |
12 Sep 12:30 |
14 Mar 12:30 |
16 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
