Based on the last 12 Retail Sales MoM events in US, we expect GBPUSD to trend down later today. Based on these past events there is a 80.0% of this.
We expect GBPUSD to trend down 2 hours following the event release at 15 Oct 12:30 if the released value is > 0.6%. A price movement of 27 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
14 Jun 12:30 |
14 Dec 13:30 |
15 Nov 13:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
