Based on the last 12 Retail Sales MoM events in United States, we expect SP to trend upwards later today. Based on these past events there is a 80% chance of this. We expect SP to trend upwards 48 hours following the event release at 17 Mar 12:30 if the released value is > 0.2%. A price movement of 7,009 pips is expected.
Historical events that allowed us to draw this conclusion
15 Nov 13:30 |
13 Sep 12:30 |
15 Aug 12:30 |
18 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
