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We expect a $0.17 movement on HG within 4 hours following the release of Balance of Trade.

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”).

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