Based on the last 12 PPI MoM events in United States, we could see a 737 pip movement on GC for the next 48 hours. GC could trend upwards for 48 hours because the released value is < 0.3% Historical events that allowed us to draw this conclusion
16 Jul 12:30 |
12 Jun 12:30 |
15 May 12:30 |
13 Mar 12:30 |
14 Jan 13:30 |
11 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
