Based on the last 12 Retail Sales MoM events in United States, we expect a 42 pip movement on GBPUSD within 12 hours following the event release at 16 Mar 12:30 UTC. We expect GBPUSD to trend upwards 12 hours following the event release at 16 Mar 12:30 UTC if the released value is < 0.4% Historical events that allowed us to draw this conclusion
15 Dec 13:30 |
15 Jun 12:30 |
14 May 12:30 |
16 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
