Based on the last 12 Retail Sales MoM events in Australia, we expect 6C to trend upwards later today. Based on these past events there is a 75% chance of this. We expect 6C to trend upwards 4 hours following the event release at 03 Apr 00:30 if the released value is > 0.4%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jan 00:30 |
07 May 01:30 |
03 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
