Based on the last 12 Retail Sales MoM events in United States, we expect 6M to trend upwards later today. Based on these past events there is a 80% chance of this. We expect 6M to trend upwards 12 hours following the event release at 13 Sep 12:30 if the released value is > 0.2%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
18 Apr 12:30 |
11 Mar 12:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
