We expect a $0.549 movement on HG within the next 12 hours. We expect HG to trend downwards 12 hours following the Balance of Trade events in Australia release because the released value is > A$10.3B. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
02 Sep 01:30 |
03 Jun 01:30 |
04 Mar 00:30 |
04 Feb 00:30 |
05 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
