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We expect TN to trend downwards today with a 80% chance.

Based on past United States Durable Goods Orders MoM news events there is a 80% chance of TN trending downwards. We expect this to happen if the released value is < -4.5%. A price movement of 205 pips is expected. Historical events that allowed us to draw this conclusion

22 Nov 13:30
24 Mar 12:30
27 Feb 13:30

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

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