Based on past United States Retail Sales MoM news events there is a 80% chance of UB trending downwards. We expect this to happen because the released value is < 0.6%. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
14 Feb 13:30 |
18 Jun 12:30 |
15 May 12:30 |
14 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
