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We expect CT to trend downwards today.

Based on past Italy Inflation Rate YoY Prel news events there is a 66.67% chance of CT trending downwards. We expect this to happen if the released value is < 1.5%. A price movement of 202 pips is expected. Historical events that allowed us to draw this conclusion

31 Oct 10:00
30 Sep 09:00
30 Aug 09:00
28 Jun 09:00
01 Mar 10:00
05 Jan 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a 26 pip movement on NZDUSD within 4 hours following the event release.

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We expect NQ to trend downwards for the next 4 hours.

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