We expect RTY 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 < 0.5%. A price movement of 1,105 pips is expected. Historical events that allowed us to draw this conclusion
24 Apr 12:30 |
23 Dec 13:30 |
24 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
