We expect UB to trend downwards for the next 2 hours. Based on these past United States Retail Sales MoM news events there is a 66.67% chance of this. We expect this to happen because the released value is < 0.8%. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
17 Aug 12:30 |
15 Jun 12:30 |
16 Mar 12:30 |
15 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
