We expect EURUSD to trend down later today. Based on these past GB PPI Input YoY news events there is a 80.0% of this.
We expect this to happen if the released value is < 9.2%. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 08:30 |
23 May 08:30 |
20 Mar 09:30 |
16 Jan 09:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
