Based on the last 12 Durable Goods Orders MoM events in United States, we expect a 1,850 pip movement on ES within 2 hours following the event release at 24 Mar 12:30 UTC. We expect ES to trend upwards 2 hours following the event release at 24 Mar 12:30 UTC if the released value is > -0.5%
Historical events that allowed us to draw this conclusion
25 Feb 13:30 |
23 Dec 13:30 |
27 Sep 12:30 |
25 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
