Be very careful of upcoming volatility because of Australia Retail Sales MoM news event later today. Based on the last 12 Retail Sales MoM events in Australia, we expect a $130.774 movement on LE within 2 hours following the event release at 04 Oct 01:30. We expect this to happen if the released value is < 0.5%. A price movement of 118 pips is expected. Historical events that allowed us to draw this conclusion
03 Sep 01:30 |
04 Jul 01:30 |
04 Jun 01:30 |
07 Mar 00:30 |
05 Feb 00:30 |
02 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
