We expect EMD to trend upwards for the next 12 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 66.67% chance of this. We expect this to happen because the released value is > 2%. A price movement of 105 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 13:00 |
30 Jul 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
