Based on past United States Inflation Rate MoM news events there is a 80% chance of RTY trending downwards. We expect this to happen because the released value is = 0.2%. A price movement of 460 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jul 12:30 |
11 Dec 13:30 |
13 Nov 13:30 |
14 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
