Based on past United States Personal Income MoM news events there is a 66.67% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 0.2%. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
30 Apr 14:00 |
28 Mar 12:30 |
28 Feb 13:30 |
27 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
