We expect BZ to trend downwards 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 > -1.5%. A price movement of 285 pips is expected.
Historical events that allowed us to draw this conclusion
28 Jan 13:30 |
27 Nov 13:30 |
27 Sep 12:30 |
25 Jul 12:30 |
25 Apr 12:30 |
13 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
