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There is a 70% chance of 6E trending downwards

Based on past United States Michigan Consumer Sentiment Prel news events there is a 70% chance of 6E trending downwards. We expect this to happen if the released value is < 59. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

11 Mar 15:00
11 Feb 15:00
14 Jan 15:00
15 Oct 14:00
17 Sep 14:00
14 May 14:00
16 Apr 14:00

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

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