Based on past United States Durable Goods Orders MoM news events there is a 80% chance of ES trending upwards. We expect this to happen if the released value is < 0.6%. A price movement of 2262 pips is expected. Historical events that allowed us to draw this conclusion
25 May 12:30 |
24 Mar 12:30 |
24 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
