We expect NQ to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is < -27. A price movement of 12,337 pips is expected. Historical events that allowed us to draw this conclusion
22 Oct 23:01 |
20 Aug 23:01 |
23 Jul 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
