We expect DX to trend downwards later today. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is < 25.1. A price movement of 5 pips is expected. Historical events that allowed us to draw this conclusion
30 Apr 05:00 |
06 Apr 05:20 |
03 Mar 05:00 |
29 Aug 05:00 |
31 Jul 05:00 |
31 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
