We expect YM to trend downwards later today. Based on these past Italy Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen if the released value is = 1.7%. A price movement of 311 pips is expected.
Historical events that allowed us to draw this conclusion
30 May 09:00 |
30 Apr 09:00 |
29 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
