Based on the last 12 Durable Goods Orders MoM events in United States, we could see a 138 pip movement on GC for the next 12 hours. GC could trend downwards for 12 hours because the released value is > -7.8%
Historical events that allowed us to draw this conclusion
26 Mar 12:30 |
27 Feb 13:30 |
25 Oct 12:30 |
26 Sep 12:30 |
26 Aug 12:30 |
24 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
