We expect a $3.172 movement on SB within 4 hours following the release of GfK Consumer Confidence at 22 Jul 23:01. We expect SB to trend downwards 4 hours following the event release at 22 Jul 23:01 if the released value is > -8. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
20 May 23:01 |
19 Mar 00:01 |
22 Jan 00:01 |
18 Dec 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
