Based on the last 12 Unemployment Rate events in Japan, we expect a 1 pip movement on HG for the next 4 hours. We expect HG to trend downwards for 4 hours because the released value is < 3.1% Historical events that allowed us to draw this conclusion
28 May 23:30 |
30 Jan 23:30 |
26 Dec 23:30 |
30 Sep 23:30 |
29 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
