We expect NZDUSD to trend downwards later today. Based on these past Japan Tankan Large Manufacturers Index news events there is a 75% chance of this. We expect this to happen if the released value is > 15. A price movement of 41 pips is expected.
Historical events that allowed us to draw this conclusion
12 Dec 23:50 |
30 Jun 23:50 |
31 Mar 23:50 |
12 Dec 23:50 |
01 Oct 23:50 |
13 Dec 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
