Based on the last 12 Retail Sales MoM events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 14 Jan 13:30 if the released value is > 0%. A price movement of 62 pips is expected.
Historical events that allowed us to draw this conclusion
16 Nov 13:30 |
16 Sep 12:30 |
16 Jul 12:30 |
15 Apr 12:30 |
17 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
