Based on the last 12 Retail Sales MoM events in United States, we expect HO to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect HO to trend upwards 48 hours following the event release at 16 Oct 12:30 if the released value is > 0.7%. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
