We expect AUDUSD to trend upwards later today. Based on these past United States PPI MoM news events there is a 80% chance of this. We expect this to happen if the released value is < 0.3%. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion
14 Jan 13:30 |
11 Oct 12:30 |
13 Aug 12:30 |
11 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
