We expect CC to trend upwards later today. Based on these past United States Retail Sales MoM news events there is a 80% chance of this. We expect this to happen if the released value is > 0%. A price movement of 6000 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jul 12:30 |
16 Nov 13:30 |
15 Oct 12:30 |
16 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
