Based on the last 12 Inflation Rate YoY Flash events in Euro Area, we expect EMD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EMD to trend upwards 12 hours following the event release at 2024-07-02 09:00 if the released value is = 2.5%. A price movement of 2359 pips is expected.
Historical events that allowed us to draw this conclusion
01 Feb 10:00 |
31 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
