We expect a $0.17 movement on HG within 4 hours following the release of Balance of Trade at 09 Sep 06:00. We expect HG to trend downwards 4 hours following the event release at 09 Sep 06:00 if the released value is < €21.1B. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion
09 Aug 06:00 |
08 Jul 06:00 |
08 Jan 07:00 |
09 Dec 07:00 |
08 Oct 06:00 |
08 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
