We expect PL to trend downwards for the next 12 hours. Based on these past United States Personal Income MoM news events there is a 80% chance of this. We expect this to happen because the released value is = 0.3%. A price movement of 1350 pips is expected.
Historical events that allowed us to draw this conclusion
22 Dec 13:30 |
30 Nov 13:30 |
29 Sep 12:30 |
27 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
