Since completing the economic release cycle for Q3 last week (ECB, NFP, FOMC),
a comparative look at the effects of each announcement on WTI’s daily range.
Items of note:
First is the relative equivalence of the ECB v FOMC.
Secondly, the NFP had a larger effect in both London & NY Sessions.
Finally, no ranges deviate significantly from the longer term
Avg Daily Range amplitudes to any large degree.
|Despite the sound & fury surrounding central bank
announcements, only NFP offered an edge in range potential v normal tendencies.
For additional information & the Q3 reports,