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We expect OJ to trend upwards today with a 66.67% chance.

We expect OJ to trend upwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of this. We expect this to happen if the released value is < -12.9. A price movement of 360 pips is expected. Historical events that allowed us to draw this conclusion

18 Feb 15:00
23 Aug 14:00
22 Jul 14:00
22 Jun 14:00

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

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