Based on the last 12 Retail Sales MoM events in Australia, we expect CRD to trend upwards. Based on these past events there is a 80% chance of this. We expect CRD to trend upwards for 2 hours because the released value is > 16.3%. A price movement of 32 pips is expected.
Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
06 May 01:30 |
03 Apr 00:30 |
11 Jan 00:30 |
02 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
