We expect a $49,072,672 movement on YM within 12 hours following the release of Existing Home Sales at 22 Oct 14:00. We expect YM to trend downwards 12 hours following the event release at 22 Oct 14:00 if the released value is > 6.3M. A price movement of 174,400 pips is expected.
Historical events that allowed us to draw this conclusion
21 May 14:00 |
20 Mar 14:00 |
21 Feb 15:00 |
22 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
