Based on past United States New Home Sales news events there is a 75% chance of SB trending downwards. We expect this to happen because the released value is < 0.8M. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion
23 Jun 14:00 |
25 May 14:00 |
28 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
