Based on the last 12 Retail Sales MoM events in Australia, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 12 hours following the event release at 04 Oct 01:30 if the released value is < 0.5%. A price movement of 15 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 01:30 |
04 Jun 01:30 |
07 Mar 00:30 |
05 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
