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.
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| 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, please visit our subscription page. |