We expect NQ to trend downwards later today. Based on these past United States Retail Sales MoM news events there is a 85.71% chance of this. We expect this to happen if the released value is > 0.4%. A price movement of 5525 pips is expected.
Historical events that allowed us to draw this conclusion
14 Dec 13:30 |
15 Nov 13:30 |
17 Oct 12:30 |
14 Sep 12:30 |
15 Aug 12:30 |
15 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
