Based on past United States PPI MoM news events there is a 71.43% chance of ES trending upwards. We expect this to happen if the released value is < 0.2%. A price movement of 158 pips is expected. Historical events that allowed us to draw this conclusion
12 Jun 12:30 |
15 May 12:30 |
11 Apr 12:30 |
11 Oct 12:30 |
13 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
