We expect a $0.09 movement on HG within 12 hours following the release of Balance of Trade.

We expect a $0.09 movement on HG within 12 hours following the release of Balance of Trade at 04 May 01:30. We expect HG to trend downwards 12 hours following the event release at 04 May 01:30 if the released value is < A$8B. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion

01 Apr 00:30

07 Jan 00:30

03 Sep 01:30

04 Aug 01:30

02 Jul 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).