We expect a $2,178,099 movement on YM within 2 hours following the release of Existing Home Sales at 19 Dec 15:00. We expect YM to trend upwards 2 hours following the event release at 19 Dec 15:00 if the released value is > 5.44M. A price movement of 7,700 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 14:00 |
21 Aug 14:00 |
21 Jun 14:00 |
19 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
