We expect 6M to trend upwards later today. Based on these past United States Retail Sales MoM news events there is a 87.5% chance of this. We expect this to happen if the released value is < 1.1%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
15 Jan 13:30 |
16 Dec 13:30 |
17 Nov 13:30 |
16 Sep 12:30 |
14 Aug 12:30 |
15 May 12:30 |
17 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
