Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect YM to trend upwards later today. Based on these past events there is a 75% chance of this. We expect YM to trend upwards 2 hours following the event release at 19 Mar 00:01 if the released value is < -20. A price movement of 33,700 pips is expected. Historical events that allowed us to draw this conclusion
20 Aug 23:01 |
23 Jul 23:01 |
05 Apr 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
