We expect NKD to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 85.71% chance of this. We expect this to happen if the released value is > -26. A price movement of 40,250 pips is expected.
Historical events that allowed us to draw this conclusion
02 Jul 23:01 |
21 May 23:01 |
30 Mar 23:01 |
28 Feb 00:01 |
20 Dec 00:01 |
26 Sep 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
