We expect YM to trend downwards for the next 12 hours. Based on these past United States Fed Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen because the released value is = 1.75%. A price movement of 68,700 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 18:00 |
01 May 18:00 |
20 Mar 18:00 |
19 Dec 19:00 |
08 Nov 19:00 |
26 Sep 18:00 |
01 Aug 18:00 |
13 Jun 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
