Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect LE to trend downwards right now. Based on these past events there is a 75% chance of this. We expect LE to trend downwards for the next 2 hours because the released value is > 0.6%. A price movement of 58 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
