Based on past Japan Balance of Trade news events there is a 71.43% chance of NZDUSD trending downwards. We expect this to happen because the released value is > ¥-46.7B. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
19 Apr 23:50 |
15 Mar 23:50 |
18 Jan 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”).
