We expect a $1.125 movement on CL within 4 hours following the release of GDP Growth Rate YoY at 05 Sep 05:45. We expect CL to trend downwards 4 hours following the event release at 05 Sep 05:45 if the released value is < 0.9%. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
28 Feb 06:45 |
29 Nov 06:45 |
31 May 05:45 |
01 Jun 05:45 |
02 Mar 06:45 |
02 Dec 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
