Based on the last 12 Balance of Trade events in United States, we expect OJ to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect OJ to trend upwards 12 hours following the event release at 2023-03-08 13:30 if the released value is > $-68.9B. A price movement of 1700 pips is expected.
Historical events that allowed us to draw this conclusion
07 Feb 13:30 |
05 Jan 13:30 |
06 Dec 13:30 |
04 Aug 12:30 |
07 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
