Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 07 Jan 00:00 if the released value is < -0.3%. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion

01 Dec 00:00	29 Sep 22:00
30 Jul 22:00

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