Based on the last 12 Durable Goods Orders MoM events in United States, we may expect MW to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is > 2.5%. A price movement of 1562 pips may be experienced.
Historical events that allowed us to draw this conclusion
26 Mar 12:30 |
22 Dec 13:30 |
27 Sep 12:30 |
27 Jun 12:30 |
26 May 12:30 |
26 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
