We expect a $0.046 movement on NG within the next 2 hours. We expect NG to trend upwards 2 hours following the Balance of Trade events in Australia release because the released value is > A$10.2B. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
05 Aug 01:30 |
03 Jun 01:30 |
04 Mar 00:30 |
04 Feb 00:30 |
03 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
