We expect GC to trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 73.8. A price movement of 56 pips is expected.
Historical events that allowed us to draw this conclusion
06 Dec 15:00 |
13 Sep 14:00 |
16 Aug 14:00 |
19 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
