Be very careful of upcoming volatility because of United States Michigan Consumer Sentiment Prel news event later today. Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a $0 movement on NE within 4 hours following the event release at 08 Nov 15:00. We expect this to happen if the released value is < 95.9. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
16 Aug 14:00 |
19 Jul 14:00 |
14 Jun 14:00 |
18 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
