Be very careful of upcoming volatility because of United States Durable Goods Orders ex Tansp MoM news event later today. Based on the last 12 Durable Goods Orders ex Tansp MoM events in United States, we expect a $10 movement on NZDUSD within 12 hours following the event release at 26 Aug 12:30. We expect this to happen if the released value is > 0%. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
25 Jul 12:30 |
26 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
