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There is a 77.78% chance of 6A trending downwards

Based on past United States Durable Goods Orders MoM news events there is a 77.78% chance of 6A trending downwards. We expect this to happen because the released value is > 7%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

25 Jun 12:30
27 Feb 13:30
28 Jan 13:30
27 Nov 13:30
27 Sep 12:30
26 Aug 12:30
25 Jul 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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