Why you should close your AUDUSD positions today

Past performance is not an indicator of future results.
Be very careful of upcoming volatility because of Japan Consumer Confidence news event later today. Based on the last 12 Consumer Confidence events in Japan, we expect a $60 movement on AUDUSD within 2 hours following the event release at 08 Jan 05:00. We expect this to happen if the released value is < 42. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

30 Nov 05:00
31 Oct 05:00
29 Jun 06:00
30 May 06:00
02 May 06:00
09 Apr 06:00
01 Mar 05:00
31 Jan 05:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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