We expect RTY to trend upwards later today. Based on these past Japan Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is > 22.3. A price movement of 1,825 pips is expected.
Historical events that allowed us to draw this conclusion
08 Jan 05:00 |
29 Nov 05:00 |
09 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
