We expect RTY to trend downwards for the next 4 hours. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > ¥140B. A price movement of 854 pips is expected.
Historical events that allowed us to draw this conclusion
18 Apr 23:50 |
16 Feb 23:50 |
17 Nov 23:50 |
16 Jun 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
