Based on past Australia Retail Sales MoM news events there is a 75% chance of 6J trending upwards. We expect this to happen if the released value is > -2.7%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
04 Nov 00:30 |
02 Oct 01:30 |
04 Aug 01:30 |
03 Jul 01:30 |
04 Jun 01:30 |
06 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
