Based on the last 12 GDP Growth Rate QoQ 2nd Est events in United States, we expect ES to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ES to trend upwards 4 hours following the event release at 26 Aug 12:30 if the released value is = 6.7%. A price movement of 2,512 pips is expected.
Historical events that allowed us to draw this conclusion
27 Feb 13:30 |
29 Aug 12:30 |
28 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
