Based on the last 12 Retail Sales MoM events in United States, we expect NG to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NG to trend upwards 2 hours following the event release at 15 Jun 12:30 if the released value is < -0.8%. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion
16 Mar 12:30 |
15 Jan 13:30 |
16 Dec 13:30 |
17 Nov 13:30 |
14 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
