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We expect ES to trend downwards with a 80% chance.

Based on the last 12 Personal Income MoM events in United States, we could see a $628399 movement on ES within the next 48 hours. We may see ES trend downwards for 48 hours because the released value is > 0.4%

Historical events that allowed us to draw this conclusion

28 Mar 12:30
28 Feb 13:30
30 Aug 12:30
28 Jun 12:30

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

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We expect a 198 pip movement on KW for the next 48 hours.

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