Be very careful of upcoming volatility because of United States Retail Sales MoM news event later today. Based on the last 12 Retail Sales MoM events in United States, we expect a $440 movement on GBPUSD within 2 hours following the event release at 15 Nov 13:30. We expect this to happen if the released value is < 0.2%. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
14 Jun 12:30 |
15 May 12:30 |
01 Apr 12:30 |
14 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
