Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect GC to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend upwards 12 hours following the event release at 30 Aug 12:00 if the released value is > 3.9%. A price movement of 1,025 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jul 12:00 |
31 May 12:00 |
28 Jan 13:00 |
29 Oct 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
