We expect GBPUSD to trend upwards later today. Based on these past United States PPI MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is > 0.2%. A price movement of 143 pips is expected.
Historical events that allowed us to draw this conclusion
13 Feb 13:30 |
12 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
