We expect S to trend downwards later today. Based on these past United Kingdom Retail Sales MoM news events there is a 85.71% chance of this. We expect this to happen if the released value is > 0.4%. A price movement of 83 pips is expected.
Historical events that allowed us to draw this conclusion
05 Sep 06:00 |
23 May 06:00 |
25 Apr 06:00 |
21 Feb 07:00 |
18 Oct 06:00 |
20 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
