Based on past Germany Inflation Rate YoY Prel news events there is a 75% chance of MW trending downwards. We expect this to happen because the released value is > 0.6%. A price movement of 2,225 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jan 13:00 |
30 Jul 12:00 |
27 Jun 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
