We expect DX to trend upwards for the next 4 hours. Based on these past United Kingdom GfK Consumer Confidence news events there is a 75% chance of this. We expect this to happen because the released value is > -12. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
19 Mar 00:01 |
19 Feb 00:01 |
22 Jan 00:01 |
18 Dec 00:01 |
24 Sep 23:01 |
21 May 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
