Be very careful of upcoming volatility because of United States Michigan Consumer Sentiment Prel news event later today. Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a $600 movement on GBPUSD within 2 hours following the event release at 13 Sep 14:00. We expect this to happen if the released value is > 90.9. A price movement of 60 pips is expected.
Historical events that allowed us to draw this conclusion
17 May 14:00 |
07 Dec 15:00 |
09 Nov 15:00 |
14 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
