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There is a 80% chance of ED trending downwards

Based on past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of ED trending downwards. We expect this to happen if the released value is < -1.2%. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion

13 Feb 23:50
15 May 23:50

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

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We expect CL to trend upwards today with a 66.67% chance.

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We expect HG to trend downwards for the next 48 hours.

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