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 24 Mar 23:30 if the released value is > -0.5%. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

26 Feb 00:30

27 Oct 23:30

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