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We expect SM to trend upwards right now.

Based on the last 12 Inflation Rate YoY Prel events in Germany, SM could experience an upwards trend. Based on these past events there is a 80% chance of this, and the trend could last 2 hours because the released value is < 2.2%. Historical events that allowed us to draw this conclusion

31 Jan 13:00
30 Sep 12:00
29 Aug 12:00
01 Jul 12:00

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

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We expect a $970 movement on AUDUSD within 12 hours following the release of Inflation Rate YoY Prel.

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