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We expect NZDUSD to trend downwards today with a 66.67% chance.

Based on the last 12 Balance of Trade events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 17 Sep 23:50 if the released value is < ¥-355.9B. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion

18 Aug 23:50
21 May 23:50
19 Feb 23:50
18 Nov 23:50

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

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A final push expected on KC HRW Wheat DECEMBER 2019 as it starts approaching a price line of 397.2500.

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We expect a $62.242 movement on ZB within 12 hours following the event release at 17 Sep 23:50.

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