Based on the last 12 Retail Sales MoM events in Australia, we expect GI to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GI to trend upwards 48 hours following the event release at 10 Jan 00:30 if the released value is < 0.4%. A price movement of 1,789 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 00:30 |
04 Nov 00:30 |
04 Oct 01:30 |
03 Sep 01:30 |
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”).
