Durable Goods Orders MoM

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Based on the last 12 Durable Goods Orders MoM events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 2023-08-24 12:30 if the released value is < -4%. A price movement of 105 pips is expected. Historical events that allowed us to draw this conclusion

24 Mar 12:30
27 Feb 13:30
23 Dec 13:30
24 Aug 12:30

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