Based on the last 12 New Home Sales events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 2022-10-26 14:00 if the released value is > 0.585M. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
27 Sep 14:00 |
24 Jun 14:00 |
26 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
