Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect CL to trend upwards later today. Based on these past events there is a 75% chance of this. We expect CL to trend upwards 12 hours following the event release at 13 Dec 23:50 if the released value is < -15. A price movement of 51 pips is expected. Historical events that allowed us to draw this conclusion
30 Jun 23:50 |
12 Dec 23:50 |
30 Jun 23:50 |
31 Mar 23:50 |
01 Jul 23:50 |
01 Apr 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
