Based on the last 12 Balance of Trade events in Japan, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 2022-08-16 23:50 if the released value is < ¥-1405B. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion
19 Apr 23:50 |
15 Mar 23:50 |
16 Feb 23:50 |
15 Dec 23:50 |
19 Oct 23:50 |
20 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
