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There is a 80% chance of RB trending upwards

Based on past United States Housing Starts news events there is a 80% chance of RB trending upwards. We expect this to happen because the released value is > 1.613M. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jan 13:30
17 Jul 12:30

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

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