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We expect ZO to trend upwards today with a 80% chance.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect ZO to trend upwards later today. Based on these past events there is a 80% chance of this. We expect ZO to trend upwards 12 hours following the event release at 28 Feb 13:00 if the released value is > 1.7%. A price movement of 687 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jan 13:00
30 Jul 12:00
27 Jun 12:00
30 Apr 12:00

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

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