Based on the last 12 PPI MoM events in United States, we could see a 90 pip movement on EURUSD for the next 48 hours. EURUSD could trend downwards for 48 hours because the released value is > 0.3%
Historical events that allowed us to draw this conclusion
14 Mar 12:30 |
11 Oct 12:30 |
14 Sep 12:30 |
11 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
