Be very careful of upcoming volatility because of United States Housing Starts news event later today. Based on the last 12 Housing Starts events in United States, we expect a $30 movement on EURUSD within 12 hours following the event release at 16 Aug 12:30. We expect this to happen if the released value is > 1.257M. A price movement of 3 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jun 12:30 |
08 Mar 13:30 |
18 Dec 13:30 |
19 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
