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We expect TN to trend upwards for the next 48 hours.

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”).

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