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There is a 80% chance of SB trending upwards

Based on past Germany Inflation Rate YoY Prel news events there is a 80% chance of SB trending upwards. We expect this to happen if the released value is > 1.9%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

28 Jan 13:00
29 Oct 13:00
29 Jun 12:00
29 Apr 12:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect 6J to trend upwards today with a 80% chance.

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