Based on the last 12 Retail Sales MoM events in Australia, we expect ZR to trend downwards later today. Based on these past events there is a 75% chance of this. We expect ZR to trend downwards 2 hours following the event release at 06 Mar 00:30 if the released value is > 0%. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
