We expect DX to trend downwards for the next 48 hours. Based on these past United States Inflation Rate YoY news events there is a 83.33% chance of this. We expect this to happen because the released value is > 4.7%. A price movement of 32 pips is expected.
Historical events that allowed us to draw this conclusion
13 Apr 12:30 |
10 Dec 13:30 |
11 Sep 12:30 |
12 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
