Based on past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of SM trending downwards. We expect this to happen because the released value is < 68.5. A price movement of 650 pips is expected. Historical events that allowed us to draw this conclusion
14 Jun 14:00 |
10 May 14:00 |
12 Apr 14:00 |
15 Mar 14:00 |
13 Oct 14:00 |
15 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
