We expect GC to trend downwards later today. Based on these past Germany Inflation Rate YoY Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is = 2.2%. A price movement of 209 pips is expected.
Historical events that allowed us to draw this conclusion
31 Mar 12:00 |
28 Feb 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
