Based on the last 12 Consumer Confidence events in Japan, RTY could trend upwards later today. Based on these past events there is a 80% chance of this. If the released value is > 31.7 we could see RTY trend upwards 48 hours following the event release at 02 May 05:00.
Historical events that allowed us to draw this conclusion
29 Oct 05:00 |
01 Oct 05:00 |
30 Jun 05:00 |
31 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
