We expect NQ to trend downwards later today. Based on these past United Kingdom Retail Sales MoM news events there is a 80% chance of this. We expect this to happen if the released value is > 0.4%. A price movement of 3787 pips is expected.
Historical events that allowed us to draw this conclusion
23 Jun 06:00 |
26 May 06:00 |
24 Mar 07:00 |
17 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
