Based on the last 12 Core Inflation Rate YoY events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 10 Oct 12:30 if the released value is > 2.4%. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
13 Aug 12:30 |
11 Jul 12:30 |
13 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
