Based on past United Kingdom Retail Sales MoM news events there is a 75% chance of ES trending upwards. We expect this to happen if the released value is < 0.5%. A price movement of 58 pips is expected. Historical events that allowed us to draw this conclusion
22 Nov 07:00 |
24 May 06:00 |
19 Apr 06:00 |
19 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
