We expect LE to trend upwards later today. Based on these past United States GDP Growth Rate QoQ Adv news events there is a 66.67% chance of this. We expect this to happen if the released value is > 2.4%. A price movement of 172 pips is expected.
Historical events that allowed us to draw this conclusion
25 Jul 12:30 |
25 Jan 13:30 |
26 Oct 12:30 |
26 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
