We expect a 0 pip movement on 6J within 12 hours following the event release.

Based on the last 12 Durable Goods Orders MoM events in United States, we expect a 0 pip movement on 6J within 12 hours following the event release at 25 Mar 12:30 UTC. We expect 6J to trend downwards 12 hours following the event release at 25 Mar 12:30 UTC if the released value is < -0.8%Historical events that allowed us to draw this conclusion

23 Dec 13:30
24 Oct 12:30
26 Jun 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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