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We expect HE to trend upwards for the next 2 hours.

Based on the last 12 Retail Sales MoM events in United Kingdom, HE could experience an upwards trend. Based on these past events there is a 83.33% chance of this, and the trend could last 2 hours because the released value is < 0.4%. Historical events that allowed us to draw this conclusion

20 Dec 07:00
22 Nov 07:00
19 Jul 06:00
24 May 06:00
19 Apr 06:00

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

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We expect a $250 movement on NZDUSD within 12 hours following the release of Retail Sales MoM.

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