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BP may be ready to trend downwards today with a 66.67% chance.

Based on the last 12 Housing Starts events in United States, BP may trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 1.765M

Historical events that allowed us to draw this conclusion

19 Apr 12:30
19 Jan 13:30
16 Dec 13:30
21 Sep 12:30

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

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We may be expecting a $1,580 movement on GBPUSD within 48 hours following the event release at 18 May 12:30.

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