Based on the last 12 Durable Goods Orders MoM events in US, we expect a $240 movement on GBPUSD within 2 hours following the event release at 25 Oct 12:30.
We expect GBPUSD to trend down 2 hours following the event release at 25 Oct 12:30 if the released value is > -1%
Historical events that allowed us to draw this conclusion
27 Sep 12:30 |
27 Jun 12:30 |
26 Apr 12:30 |
26 Jan 13:30 |
25 Oct 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
