We expect CL to trend upwards for the next 4 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 71.43% chance of this. We expect this to happen because the released value is < 1.3%. A price movement of 97 pips is expected. Historical events that allowed us to draw this conclusion
29 Aug 12:00 |
28 Mar 13:00 |
30 Jan 13:00 |
28 Dec 13:00 |
29 Nov 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
