Based on the last 12 Retail Sales MoM events in Australia, we expect PA to trend upwards. Based on these past events there is a 83.33% chance of this. We expect PA to trend upwards for 12 hours because the released value is < 0.2%. A price movement of 1,814 pips is expected. Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
07 Mar 00:30 |
05 Feb 00:30 |
02 Nov 00:30 |
03 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
