Based on past United States Durable Goods Orders MoM news events there is a 80% chance of GC trending downwards. We expect this to happen because the released value is < 0.8%. A price movement of 98 pips is expected. Historical events that allowed us to draw this conclusion
23 Dec 14:30 |
27 Nov 13:30 |
25 Jul 12:30 |
27 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
