Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect 6A to trend upwards later today. Based on these past events there is a 75% chance of this. We expect 6A to trend upwards 12 hours following the event release at 31 Jan 13:00 if the released value is > 4.3%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jan 13:00 |
29 Nov 13:00 |
28 Oct 12:00 |
31 May 12:00 |
01 Mar 13:00 |
28 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
