Based on the last 12 Consumer Confidence events in Japan, we could see a 26 pip movement on ES for the next 4 hours. ES could trend downwards for 4 hours because the released value is > 33.5
Historical events that allowed us to draw this conclusion
01 Jul 05:00 |
29 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
