We expect NIY to trend downwards later today. Based on these past France Inflation Rate YoY Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 2.1%. A price movement of 18250 pips is expected.
Historical events that allowed us to draw this conclusion
29 Feb 07:45 |
31 Jan 07:45 |
31 Aug 06:45 |
28 Apr 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
