Based on the last 12 Balance of Trade events in Japan, we expect NQ to trend downwards. Based on these past events there is a 80% chance of this. We expect NQ to trend downwards for 48 hours because the released value is < ¥529.8B. A price movement of 33,687 pips is expected. Historical events that allowed us to draw this conclusion
18 Oct 23:50 |
20 May 23:50 |
19 Apr 23:50 |
22 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
