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We expect GBPUSD to trend downwards today.

Based on the last 12 Inflation Rate YoY events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 13 Aug 12:30 if the released value is < 1.7%. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion

12 Jun 12:30
10 May 12:30
12 Mar 12:30
10 Aug 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect AUDUSD to trend upwards today with a 66.67% chance.

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