What to trade around United States Durable Goods Orders ex Tansp MoM news event

Past performance is not an indicator of future results.
Based on the last 12 Durable Goods Orders ex Tansp MoM events in United States, we expect GBPUSD to trend downwards right now. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend downwards for the next 4 hours because the released value is < 0.2%. A price movement of 44 pips is expected.

Historical events that allowed us to draw this conclusion

21 Feb 13:30

21 Nov 13:30

25 Oct 13:30

27 Sep 13:30

26 Jul 13:30

27 Jun 13:30

26 Apr 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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