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Be very careful of upcoming volatility. We expect a $0.103 movement on HG.

Be very careful of upcoming volatility because of Australia NAB Business Confidence news event later today. Based on the last 12 NAB Business Confidence events in Australia, we expect a $0.103 movement on HG within 48 hours following the event release at 08 Oct 00:30. We expect this to happen if the released value is < 2. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion

14 May 01:30
12 Mar 00:30
11 Dec 00:30
13 Nov 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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