Based on the last 12 Inflation Rate YoY Prel events in Germany, we could see a $400 movement on GBPUSD within the next 4 hours. GBPUSD could trend upwards for the next 4 hours because the released value is > 7.2%
Historical events that allowed us to draw this conclusion
31 Jan 13:00 |
29 Nov 13:00 |
28 Oct 12:00 |
29 Jul 12:00 |
31 May 12:00 |
29 Apr 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
