We expect HG to trend upwards later today. Based on these past Japan Balance of Trade news events there is a 85.71% chance of this. We expect this to happen if the released value is < ¥-369B. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
19 Nov 23:50 |
20 Oct 23:50 |
18 Aug 23:50 |
19 Feb 23:50 |
22 Jan 23:50 |
18 Dec 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
