Based on the last 12 Housing Starts events in United States, we expect NIY to trend upwards. Based on these past events there is a 80% chance of this. We expect NIY to trend upwards for 12 hours because the released value is > 1.169M. A price movement of 42,750 pips is expected.
Historical events that allowed us to draw this conclusion
18 Mar 12:30 |
19 Feb 13:30 |
17 Jan 13:30 |
18 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
