Based on past United States Retail Sales MoM news events there is a 75% chance of ZW trending downwards. We expect this to happen if the released value is < 0.5%. A price movement of 925 pips is expected. Historical events that allowed us to draw this conclusion
18 Jun 12:30 |
15 May 12:30 |
14 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
