Based on the last 12 Inflation Rate YoY Prel events in Germany, we may expect SM to trend upwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is > 1.9%. A price movement of 28 pips may be experienced.
Historical events that allowed us to draw this conclusion
30 May 12:00 |
30 Apr 12:00 |
30 Oct 13:00 |
30 Jul 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
