We expect GBPUSD to trend upwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 75% chance of this. We expect this to happen if the released value is > 8.5%. A price movement of 52 pips is expected.
Historical events that allowed us to draw this conclusion
24 Apr 12:30 |
26 Mar 12:30 |
27 Feb 13:30 |
26 Sep 12:30 |
26 Aug 12:30 |
27 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
