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We expect NKD to trend downwards today with a 85.71% chance.

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”).

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