Based on the last 12 PPI MoM events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 2024-11-14 13:30 if the released value is < 0.2%. A price movement of 34 pips is expected. Historical events that allowed us to draw this conclusion
13 Jun 12:30 |
11 Apr 12:30 |
12 Jan 13:30 |
13 Dec 13:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
