Based on past United States Retail Sales MoM news events there is a 71.43% chance of CC trending downwards. We expect this to happen because the released value is > 0.5%. A price movement of 163 pips is expected.
Historical events that allowed us to draw this conclusion
15 Nov 13:30 |
15 Aug 12:30 |
15 Apr 12:30 |
17 Jan 13:30 |
14 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
