We expect NKD to trend upwards later today. Based on these past Italy Inflation Rate YoY Prel news events there is a 71.43% chance of this. We expect this to happen if the released value is < 0.9%. A price movement of 5500 pips is expected. Historical events that allowed us to draw this conclusion
01 Feb 10:00 |
30 Nov 10:00 |
31 Oct 10:00 |
28 Jun 09:00 |
31 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
