We expect a 43 pip movement on SB within 12 hours following the event release.

Based on the last 12 Retail Sales MoM events in United States, we expect a 43 pip movement on SB within 12 hours following the event release at 13 Sep 12:30 UTC. We expect SB to trend upwards 12 hours following the event release at 13 Sep 12:30 UTC if the released value is < 0.2% Historical events that allowed us to draw this conclusion

14 Jun 12:30

01 Apr 12:30

14 Feb 13:30

14 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).