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There is a 66.67% chance of ES trending upwards

Based on the last 12 Balance of Trade events in Japan, we could see ES trend upwards right now. Based on historical events there is a 66.67% chance of this. This may happen because the released value is > ¥-893B

Historical events that allowed us to draw this conclusion

16 Apr 23:50
17 Dec 23:50
17 Sep 23:50
16 Apr 23:50

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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There is a 66.67% chance of NZDUSD trending upwards

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We expect a 22 pip movement on NZDUSD within 12 hours following the event release.

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