We expect GBPUSD to trend upwards for the next 48 hours. Based on these past United States Durable Goods Orders MoM news events there is a 75% chance of this. We expect this to happen because the released value is > -1%. A price movement of 67 pips is expected.
Historical events that allowed us to draw this conclusion
27 Feb 13:30 |
26 Sep 12:30 |
26 Aug 12:30 |
27 Jun 12:30 |
24 May 12:30 |
24 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
