Based on the last 12 PPI MoM events in United States, we could see a $1290 movement on GBPUSD within the next 48 hours. GBPUSD could trend upwards for the next 48 hours because the released value is < 0.2% Historical events that allowed us to draw this conclusion
15 May 12:30 |
11 Apr 12:30 |
13 Mar 12:30 |
14 Jan 13:30 |
11 Oct 12:30 |
13 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
