We expect BO to trend downwards later today. Based on these past United States Personal Income MoM news events there is a 83.33% chance of this. We expect this to happen if the released value is = 0.3%. A price movement of 248 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 12:30 |
26 Apr 12:30 |
26 Jan 13:30 |
22 Dec 13:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
