We expect OJ to trend upwards for the next 48 hours. Based on these past United Kingdom GDP Growth Rate QoQ Prel news events there is a 80% chance of this. We expect this to happen because the released value is > -0.1%. A price movement of 1614 pips is expected.
Historical events that allowed us to draw this conclusion
11 Aug 06:00 |
12 Aug 06:00 |
13 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
