Based on the last 12 Retail Sales MoM events in Australia, we expect a $0 movement on HG within 2 hours following the event release at 04 Sep 01:30. We expect HG to trend upwards 2 hours following the event release at 04 Sep 01:30 if the released value is > 3.3%
Historical events that allowed us to draw this conclusion
06 May 01:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
