We expect a $0.083 movement on HG within 2 hours following the release of Balance of Trade at 18 Apr 23:50. We expect HG to trend upwards 2 hours following the event release at 18 Apr 23:50 if the released value is < ¥490B. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
20 Jan 23:50 |
15 Dec 23:50 |
18 Oct 23:50 |
20 May 23:50 |
19 Apr 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
