Based on past Germany Inflation Rate YoY Prel news events there is a 80% chance of EURUSD trending downwards. We expect this to happen because the released value is > 1.5%. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
27 Jun 12:00 |
30 Apr 12:00 |
28 Feb 13:00 |
27 Sep 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
