Based on past United States Retail Sales MoM news events there is a 75% chance of KW trending downwards. We expect this to happen because the released value is > 0.4%. A price movement of 3450 pips is expected.
Historical events that allowed us to draw this conclusion
15 Feb 13:30 |
16 Nov 13:30 |
15 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
