We expect a $4387700 movement on NIY within 12 hours following the release of Consumer Confidence.

We expect a $4387700 movement on NIY within 12 hours following the release of Consumer Confidence at 2022-09-30 05:00. We expect NIY to trend upwards 12 hours following the event release at 2022-09-30 05:00 if the released value is < 34. A price movement of 17000 pips is expected. Historical events that allowed us to draw this conclusion

29 Jul 05:00

29 Jun 05:00

08 Apr 05:00

31 Jan 05:00

05 Jan 05:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).