We expect HG to trend downwards right now.

Based on the last 12 Consumer Confidence events in Japan, we expect HG to trend downwards right now. Based on these past events there is a 75% chance of this. We expect HG to trend downwards for the next 48 hours because the released value is < 22.3. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion

03 Mar 05:00

29 Jan 05:00

02 Oct 05:00

29 Aug 05:00

31 Jul 05:00

01 Jul 05:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).