We expect EURUSD to trend upwards later today. Based on these past United States Retail Sales MoM news events there is a 75% chance of this. We expect this to happen if the released value is > 1.8%. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
15 Sep 12:30 |
15 Jul 12:30 |
16 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
