We expect GBPUSD to trend upwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is > 0.9%. A price movement of 433 pips is expected.

Historical events that allowed us to draw this conclusion

26 Aug 22:30	27 Jul 22:30
28 May 22:30	25 Mar 23:30
29 Jan 00:30	28 Nov 00:30

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