We expect EURUSD to trend downwards later today. Based on these past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 0.1%. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
17 May 23:50 |
15 Aug 23:50 |
15 Nov 23:50 |
17 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
