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We expect OJ to trend downwards for the next 2 hours.

Based on the last 12 PPI MoM events in United States, OJ could experience an downwards trend. Based on these past events there is a 83.33% chance of this, and the trend could last 2 hours because the released value is < 0.1%. Historical events that allowed us to draw this conclusion

11 Apr 12:30
13 Dec 13:30
15 Nov 13:30
13 Jul 12:30
14 Jun 12:30

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

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We expect USDCAD to trend downwards for the next 2 hours.

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