Based on past United States Retail Sales MoM news events there is a 66.67% chance of NG trending downwards. We expect this to happen because the released value is < 0.5%. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion
16 Sep 12:30 |
15 May 12:30 |
15 Apr 12:30 |
17 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
