We expect RTY to trend downwards for the next 12 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of this. We expect this to happen because the released value is < 80. A price movement of 2,000 pips is expected. Historical events that allowed us to draw this conclusion
17 Jul 14:00 |
09 Apr 14:00 |
17 Jan 15:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
