Based on the last 12 Retail Sales MoM events in United States, we expect PL to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect PL to trend downwards 4 hours following the event release at 2023-07-18 12:30 if the released value is < 0.5%. A price movement of 3090 pips is expected. Historical events that allowed us to draw this conclusion
14 Apr 12:30 |
18 Jan 13:30 |
15 Dec 13:30 |
14 Oct 12:30 |
17 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
