Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a $280 movement on GBPUSD within 2 hours following the event release at 30 Nov 00:00. We expect GBPUSD to trend downwards 2 hours following the event release at 30 Nov 00:00 if the released value is = 5%
Historical events that allowed us to draw this conclusion
30 Aug 22:00 |
30 Mar 23:00 |
07 Jan 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).