Based on the last 12 Durable Goods Orders MoM events in United States, we expect SB to trend downwards later today. Based on these past events there is a 75% chance of this. We expect SB to trend downwards 4 hours following the event release at 25 Aug 12:30 if the released value is > -0.3%. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
25 Feb 13:30 |
25 Nov 13:30 |
27 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
