Based on past Euro Area Inflation Rate YoY Flash news events there is a 80% chance of YM trending upwards. We expect this to happen because the released value is > 2%. A price movement of 42 pips is expected.
Historical events that allowed us to draw this conclusion
02 May 09:00 |
03 Mar 10:00 |
03 Feb 10:00 |
31 Oct 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
