Based on the last 12 PPI MoM events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 2024-12-12 13:30 if the released value is > 0.2%. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
12 Sep 12:30 |
12 Jul 12:30 |
14 May 12:30 |
16 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
