We expect GBPUSD to trend upwards for the next 4 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is > 4.3%. A price movement of 73 pips is expected.
Historical events that allowed us to draw this conclusion
28 Oct 12:00 |
29 Jul 12:00 |
31 May 12:00 |
29 Apr 12:00 |
01 Mar 13:00 |
28 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
