Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect EURUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 01 Oct 09:50 if the released value is < 13. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion
01 Jul 09:50 |
01 Jul 09:50 |
13 Dec 10:50 |
01 Jul 09:50 |
01 Oct 09:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).