We expect GC to trend downwards for the next 2 hours. Based on these past United States Personal Income MoM news events there is a 80% chance of this. We expect this to happen because the released value is > 0.4%. A price movement of 162 pips is expected.
Historical events that allowed us to draw this conclusion
28 Feb 13:30 |
27 Nov 15:00 |
30 Aug 12:30 |
28 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
