We expect NKD to trend upwards later today. Based on these past United Kingdom Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is > 9.8%. A price movement of 46250 pips is expected.
Historical events that allowed us to draw this conclusion
13 Apr 06:00 |
19 Jan 07:00 |
15 Dec 07:00 |
15 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
