Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $0.055 movement on NG within 12 hours following the event release at 20 May 14:00. We expect NG to trend downwards 12 hours following the event release at 20 May 14:00 if the released value is > -24
Historical events that allowed us to draw this conclusion
23 Mar 15:00 |
20 Feb 15:00 |
20 Sep 14:00 |
23 Jul 14:00 |
21 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
