There is a 83.33% chance of NG trending downwards

Based on past United States Retail Sales MoM news events there is a 83.33% chance of NG trending downwards. We expect this to happen if the released value is < 1%. A price movement of 1 pips is expected.Historical events that allowed us to draw this conclusion

15 May 12:30
15 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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