Based on the last 12 Durable Goods Orders MoM events in United States, we expect CC to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect CC to trend upwards for the next 2 hours because the released value is > -1.1%. A price movement of 1,750 pips is expected.
Historical events that allowed us to draw this conclusion
25 Aug 12:30 |
23 Dec 13:30 |
25 Nov 13:30 |
27 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
