Based on the last 12 Consumer Confidence events in Japan, we expect HG to trend downwards right now. Based on these past events there is a 75% chance of this. We expect HG to trend downwards for the next 48 hours because the released value is < 22.3. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion
03 Mar 05:00 |
29 Jan 05:00 |
02 Oct 05:00 |
29 Aug 05:00 |
31 Jul 05:00 |
01 Jul 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).