We expect NQ to trend upwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 77.78% chance of this. We expect this to happen if the released value is > 1.1%. A price movement of 18,750 pips is expected.
Historical events that allowed us to draw this conclusion
25 Nov 13:30 |
27 Oct 12:30 |
26 Aug 12:30 |
27 Jul 12:30 |
25 Jun 12:30 |
28 May 12:30 |
25 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
