Be very careful of upcoming volatility because of Japan Consumer Confidence news event later today. Based on the last 12 Consumer Confidence events in Japan, we expect a $0 movement on 6S within 2 hours following the event release at 29 Nov 05:00. We expect this to happen if the released value is > 35.4. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
09 May 05:00 |
08 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
