We expect a $1.003 movement on NG within 12 hours following the release of Markit Manufacturing PMI Flash at 19 Feb 08:30. We expect NG to trend upwards 12 hours following the event release at 19 Feb 08:30 if the released value is > 56.5. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
16 Dec 08:30 |
23 Nov 08:30 |
23 Oct 07:30 |
23 Sep 07:30 |
21 Aug 07:30 |
24 Jul 07:30 |
24 Mar 08:30 |
21 Feb 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
