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 $92.7 movement on USDJPY within 2 hours following the event release at 27 Sep 09:00. We expect this to happen if the released value is > 0.11. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
27 Feb 10:00 |
29 Nov 10:00 |
27 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
