We expect MW to trend downwards later today. Based on these past United States Inflation Rate MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is > 0.3%. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
12 Feb 13:30 |
15 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
