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We expect YM to trend upwards for the next 2 hours.

Based on past Germany Inflation Rate YoY Prel news events there is a 66.67% chance of YM trending upwards. We expect this to happen because the released value is < 2.3%. A price movement of 17600 pips is expected. Historical events that allowed us to draw this conclusion

29 Apr 12:00
29 Feb 13:00
31 Jan 13:00
30 Oct 13:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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