We expect KW to trend upwards for the next 12 hours. Based on these past United Kingdom Retail Sales MoM news events there is a 75% chance of this. We expect this to happen because the released value is < -0.5%. A price movement of 54 pips is expected. Historical events that allowed us to draw this conclusion
17 Jan 07:00 |
22 Nov 07:00 |
19 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
