We expect OJ to trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 77.78% chance of this. We expect this to happen if the released value is > -0.5%. A price movement of 428 pips is expected.
Historical events that allowed us to draw this conclusion
26 Aug 12:30 |
25 Jul 12:30 |
26 Jun 12:30 |
24 Apr 12:30 |
26 Mar 12:30 |
25 Oct 12:30 |
26 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
