Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 12 hours following the event release at 2023-01-13 15:00 if the released value is > 60.5. A price movement of 61 pips is expected.
Historical events that allowed us to draw this conclusion
14 Oct 14:00 |
12 Aug 14:00 |
15 Jul 14:00 |
14 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
