We expect a $167.407 movement on ZB within 12 hours following the release of Ivey PMI s.a at 07 Jul 14:00. We expect ZB to trend downwards 12 hours following the event release at 07 Jul 14:00 if the released value is > 65. A price movement of 103 pips is expected.
Historical events that allowed us to draw this conclusion
07 Apr 14:00 |
05 Mar 15:00 |
05 Feb 15:00 |
06 Nov 15:00 |
07 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
