Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of AUDUSD trending downwards. We expect this to happen because the released value is > 2.2%. A price movement of 39 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 06:00 |
22 May 06:00 |
17 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
