Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect EURUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend upwards 48 hours following the event release at 31 Mar 23:50 if the released value is > 12. A price movement of 60 pips is expected.
Historical events that allowed us to draw this conclusion
30 Sep 23:50 |
31 Mar 23:50 |
13 Dec 23:50 |
30 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
