We expect RB to trend upwards for the next 4 hours. Based on these past United States Core Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > 2.3%. A price movement of 7 pips is expected.
Historical events that allowed us to draw this conclusion
13 Aug 12:30 |
13 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
