We expect ES to trend downwards later today. Based on these past Japan Tankan Large Manufacturers Index news events there is a 80% chance of this. We expect this to happen if the released value is > 6. A price movement of 2875 pips is expected.
Historical events that allowed us to draw this conclusion
31 Mar 23:50 |
30 Sep 23:50 |
31 Mar 23:50 |
31 Mar 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
