Be very careful of upcoming volatility because of Euro Area Business Confidence news event later today. Based on the last 12 Business Confidence events in Euro Area, we expect a $520 movement on AUDUSD within 48 hours following the event release at 28 Nov 10:00. We expect this to happen if the released value is < -0.14. A price movement of 52 pips is expected. Historical events that allowed us to draw this conclusion
27 Jun 09:00 |
28 May 09:00 |
29 Apr 09:00 |
28 Mar 10:00 |
30 Jan 10:00 |
08 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
