Based on the last 12 Balance of Trade events in Japan, we may expect ES to trend downwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because because the released value is < ¥-659.1B. A price movement of 4625 pips may be experienced. Historical events that allowed us to draw this conclusion
14 Jun 23:50 |
14 Dec 23:50 |
16 Nov 23:50 |
14 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
