We expect NG to trend upwards for the next 48 hours. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is > 26. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
|08 Jan 05:00|
|31 Oct 05:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).