Based on past United States Retail Sales MoM news events there is a 80% chance of CL trending downwards. We expect this to happen if the released value is > 0.2%. A price movement of 167 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
15 Feb 13:30 |
16 Nov 13:30 |
15 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
