We expect a $0.059 movement on NG within 4 hours following the release of Industrial Production YoY at 12 May 09:00. We expect NG to trend upwards 4 hours following the event release at 12 May 09:00 if the released value is > 11.6%. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 10:00 |
13 Jan 10:00 |
14 Sep 09:00 |
12 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
