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There is a 83.33% chance of BZ trending upwards

Based on past United States Michigan Consumer Sentiment Prel news events there is a 83.33% chance of BZ trending upwards. We expect this to happen if the released value is < 68. A price movement of 112 pips is expected. Historical events that allowed us to draw this conclusion

17 Jan 15:30
08 Nov 15:00
16 Aug 14:00
19 Jul 14:00
14 Jun 14:00

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

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We expect a $15,160.6 movement on RTY within 2 hours following the event release at 15 May 12:30.

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