Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect SI to trend upwards right now. Based on these past events there is a 75% chance of this. We expect SI to trend upwards for the next 48 hours because the released value is > 1.2%. A price movement of 367 pips is expected.
Historical events that allowed us to draw this conclusion
28 Jan 13:00 |
29 Oct 13:00 |
29 Jun 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
