Based on the last 12 Retail Sales MoM events in United Kingdom, we may expect SM to trend upwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is > -0.4%. A price movement of 7 pips may be experienced.
Historical events that allowed us to draw this conclusion
21 Feb 07:00 |
18 Oct 06:00 |
20 Sep 06:00 |
21 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
