We expect a $256897 movement on ES within 48 hours following the release of Consumer Confidence at 2023-02-02 08:00. We expect ES to trend upwards 48 hours following the event release at 2023-02-02 08:00 if the released value is > -36. A price movement of 6200 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 07:00 |
04 Feb 08:00 |
04 Aug 05:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
