Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 12 hours following the event release at 30 Sep 12:00 if the released value is < 1.3%. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion
31 May 12:00 |
30 Jan 13:00 |
28 Dec 13:00 |
29 Nov 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
