Based on the last 12 Durable Goods Orders MoM events in United States, we expect a 0 pip movement on 6S within 12 hours following the event release at 25 Feb 13:30 UTC. We expect 6S to trend upwards 12 hours following the event release at 25 Feb 13:30 UTC if the released value is > 0.8%
Historical events that allowed us to draw this conclusion
23 Dec 13:30 |
27 Sep 12:30 |
25 Aug 12:30 |
25 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
