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Be very careful of upcoming volatility. We expect a $30 movement on EURUSD.

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”).

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UK100 is approaching a support line of a Channel Down. It has touched this line numerous times in the last 30 days.

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EUR/CHF Target Level: 1.0832

EUR/CHF Target Level: 1.0832

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