Based on past United States Durable Goods Orders MoM news events there is a 75% chance of HG trending upwards. We expect this to happen because the released value is > 0.5%. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
26 Aug 12:30 |
27 Jul 12:30 |
25 Jun 12:30 |
28 May 12:30 |
25 Mar 12:30 |
27 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
