Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect GC to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GC to trend downwards 48 hours following the event release at 2023-09-15 14:00 if the released value is < 69.1. A price movement of 2034 pips is expected. Historical events that allowed us to draw this conclusion
|12 May 14:00
|17 Mar 14:00
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).