Based on the last 12 Durable Goods Orders MoM events in United States, we may expect GC to trend downwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because the released value is > 2%. A price movement of 150 pips may be experienced.
Historical events that allowed us to draw this conclusion
25 Oct 12:30 |
26 Sep 12:30 |
26 Aug 12:30 |
24 May 12:30 |
26 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
