Based on past United States PPI MoM news events there is a 80% chance of ZB trending downwards. We expect this to happen if the released value is > 0.3%. A price movement of 109 pips is expected.
Historical events that allowed us to draw this conclusion
14 Mar 12:30 |
11 Oct 12:30 |
14 Sep 12:30 |
11 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
