Based on past United States Retail Sales MoM news events there is a 80% chance of CL trending downwards. We expect this to happen if the released value is > 0.2%. A price movement of 167 pips is expected.
Historical events that allowed us to draw this conclusion
|15 Aug 12:30
|15 Feb 13:30
|16 Nov 13:30
|15 Sep 12:30
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).