Based on the last 12 Retail Sales MoM events in United States, we expect GF to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GF to trend upwards 2 hours following the event release at 17 Nov 13:30 if the released value is > 0.5%. A price movement of 193 pips is expected.
Historical events that allowed us to draw this conclusion
16 Oct 12:30 |
16 Jul 12:30 |
16 Jun 12:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
