We expect GC to trend downwards for the next 48 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is > 7.8%. A price movement of 2845 pips is expected.
Historical events that allowed us to draw this conclusion
28 Jul 12:00 |
30 May 12:00 |
28 Apr 12:00 |
29 Nov 13:00 |
28 Oct 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
