Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a 48000 pip movement on NIY for the next 48 hours. NIY could trend upwards for 48 hours because the released value is > -0.3%
Historical events that allowed us to draw this conclusion
22 Dec 07:00 |
21 Jul 06:00 |
26 May 06:00 |
24 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
