Based on the last 12 PPI MoM events in United States, GBPUSD may trend upwards for the next 12 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is > 0.2%
Historical events that allowed us to draw this conclusion
12 Sep 12:30 |
12 Jul 12:30 |
14 May 12:30 |
16 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
