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We expect KW to trend upwards today with a 80% chance.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect KW to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 2.1%

Historical events that allowed us to draw this conclusion

31 Jul 12:00
30 May 12:00
30 Apr 12:00
06 Jan 13:00

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

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We expect GBPUSD to trend downwards for the next 2 hours.

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We expect GBPUSD to trend upwards for the next 2 hours.

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