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There is a 75% chance of CRD trending downwards

Based on the last 12 PPI MoM events in United States, we could see a 230 pip movement on CRD for the next 12 hours. CRD could trend downwards for 12 hours because the released value is > 0.3%

Historical events that allowed us to draw this conclusion

16 Feb 13:30
11 Oct 12:30
11 Aug 12:30

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

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