Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect YM to trend upwards later today. Based on these past events there is a 75% chance of this. We expect YM to trend upwards 48 hours following the event release at 2022-10-28 08:00 if the released value is > -0.2%. A price movement of 98100 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jan 09:00 |
30 Oct 09:00 |
14 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
