Based on past Japan Balance of Trade news events there is a 77.78% chance of USDCHF trending downwards. We expect this to happen because the released value is < ¥-1509.7B. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion
15 Jun 23:50 |
19 Apr 23:50 |
15 Dec 23:50 |
19 Oct 23:50 |
15 Sep 23:50 |
20 Jul 23:50 |
15 Jun 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
