We expect YM to trend downwards for the next 12 hours. Based on these past United Kingdom Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > 10.2%. A price movement of 38900 pips is expected.
Historical events that allowed us to draw this conclusion
17 Aug 06:00 |
20 Jul 06:00 |
23 Mar 07:00 |
16 Feb 07:00 |
15 Dec 07:00 |
17 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
