We expect PL to trend downwards for the next 2 hours. Based on these past Australia Retail Sales MoM news events there is a 87.5% chance of this. We expect this to happen because the released value is > -4.2%. A price movement of 1,290 pips is expected.
Historical events that allowed us to draw this conclusion
04 Nov 00:30 |
02 Oct 01:30 |
03 Jul 01:30 |
04 Jun 01:30 |
06 May 01:30 |
03 Apr 00:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
