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We expect AUDUSD to trend upwards today.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 48 hours following the event release at 29 Aug 12:00 if the released value is < 1.5%. A price movement of 76 pips is expected. Historical events that allowed us to draw this conclusion

31 May 12:00
28 Mar 13:00
30 Jan 13:00
29 Nov 13:00

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

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XAG/USD Target Level: 18.3500

XAG/USD Target Level: 18.3500

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