Trade with an edge around todays United States Durable Goods Orders MoM news event

Based on past United States Durable Goods Orders MoM news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen if the released value is > 0.7%. A price movement of 104 pips is expected.

Historical events that allowed us to draw this conclusion

25 Feb 13:30
23 Dec 13:30
25 Nov 13:30
26 Aug 12:30
27 Jul 12:30
28 May 12:30

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