Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect SI to trend upwards. Based on these past events there is a 75% chance of this. We expect SI to trend upwards for 4 hours because the released value is < 0.1%. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
