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We expect a $590 movement on EURUSD within 12 hours following the release of Inflation Rate YoY at 18 Aug 16:00. We expect EURUSD to trend downwards 12 hours following the event release at 18 Aug 16:00 if the released value is > 2.3%. A price movement of 59 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jun 16:00 |
19 May 16:00 |
17 Feb 18:00 |
20 Jan 18:00 |
18 Nov 18:00 |
16 Sep 16:00 |
19 Aug 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).