Based on the last 12 Balance of Trade events in Japan, we expect a $217,996.07 movement on ES within 48 hours following the event release at 17 Nov 23:50. We expect ES to trend downwards 48 hours following the event release at 17 Nov 23:50 if the released value is > ¥250B
Historical events that allowed us to draw this conclusion
15 Sep 23:50 |
16 Jun 23:50 |
17 Mar 23:50 |
18 Feb 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
