We expect HG to trend downwards for the next 12 hours. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is < 37.3. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion
31 Jul 05:00 |
01 Jul 05:00 |
31 May 05:00 |
01 Mar 05:00 |
30 Nov 05:00 |
31 Oct 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
