Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 2024-12-12 23:50 if the released value is > 12. A price movement of 41 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jun 23:50 |
31 Mar 23:50 |
12 Dec 23:50 |
01 Oct 23:50 |
13 Dec 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
