We expect a $4,223,700 movement on NKD within 12 hours following the release of Ivey PMI s.a at 07 Jan 15:00. We expect NKD to trend downwards 12 hours following the event release at 07 Jan 15:00 if the released value is < 53.8. A price movement of 18,000 pips is expected. Historical events that allowed us to draw this conclusion
06 Nov 15:00 |
04 Oct 14:00 |
05 Jul 14:00 |
06 Mar 15:00 |
06 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
