Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect NKD to trend upwards. Based on these past events there is a 80% chance of this. We expect NKD to trend upwards for 12 hours because the released value is > 1.9%. A price movement of 17,750 pips is expected.
Historical events that allowed us to draw this conclusion
01 Mar 13:00 |
28 Jan 13:00 |
29 Jun 12:00 |
29 Apr 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
