Based on past United States Durable Goods Orders MoM news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen if the released value is < 0.8%. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion
26 Jun 12:30 |
24 May 12:30 |
21 Feb 13:30 |
21 Dec 13:30 |
21 Nov 13:30 |
24 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
