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We expect MW to trend downwards for the next 4 hours.

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”).

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