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There is a 70% chance of RTY trending upwards

Based on past United States New Home Sales news events there is a 70% chance of RTY trending upwards. We expect this to happen if the released value is > 0.97M. A price movement of 6,469 pips is expected.

Historical events that allowed us to draw this conclusion

23 Apr 14:00
23 Dec 15:00
25 Nov 15:00
24 Sep 14:00
25 Aug 14:00
24 Jul 14:00
26 May 14:00

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

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