We expect OJ to trend downwards for the next 48 hours. Based on these past United States Continuing Jobless Claims news events there is a 66.67% chance of this. We expect this to happen because the released value is > 1407K. A price movement of 1735 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 12:30 |
07 Jul 12:30 |
30 Jun 12:30 |
16 Jun 12:30 |
09 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
