We expect S to trend downwards for the next 2 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 80% chance of this. We expect this to happen because the released value is < 63.7. A price movement of 837 pips is expected. Historical events that allowed us to draw this conclusion
13 Oct 14:00 |
15 Sep 14:00 |
17 Mar 14:00 |
11 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
