Based on the last 12 Inflation Rate YoY Flash events in Euro Area, EMD could experience an upwards trend. Based on these past events there is a 80% chance of this, and the trend could last 2 hours because the released value is > 1.9%.
Historical events that allowed us to draw this conclusion
02 May 09:00 |
03 Mar 10:00 |
03 Feb 10:00 |
31 Oct 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
