We expect TN to trend upwards for the next 48 hours. Based on these past United States Durable Goods Orders MoM news events there is a 71.43% chance of this. We expect this to happen because the released value is > 0.6%. A price movement of 258 pips is expected.
Historical events that allowed us to draw this conclusion
27 Jul 12:30 |
27 Jun 12:30 |
25 Feb 13:30 |
23 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
