Based on the last 12 Inflation Rate YoY Prel events in Germany, 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 12 hours following the event release at 2022-10-28 12:00 if the released value is > 10.1%. A price movement of 117 pips is expected.
Historical events that allowed us to draw this conclusion
29 Sep 12:00 |
28 Jul 12:00 |
30 May 12:00 |
28 Apr 12:00 |
30 Mar 12:00 |
31 Jan 13:00 |
29 Nov 13:00 |
28 Oct 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
