Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect NQ to trend upwards. Based on these past events there is a 80% chance of this. We expect NQ to trend upwards for 2 hours because the released value is > 3.3%. A price movement of 18,850 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 12:00 |
01 Mar 13:00 |
28 Jan 13:00 |
29 Oct 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
