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There is a 90% chance of GF trending upwards

Based on past United States New Home Sales news events there is a 90% chance of GF trending upwards. We expect this to happen if the released value is > 0.886M. A price movement of 222 pips is expected.

Historical events that allowed us to draw this conclusion

24 Feb 15:00
23 Dec 15:00
25 Nov 15:00
26 Oct 14:00
24 Sep 14:00
25 Aug 14:00
23 Jun 14:00
26 May 14:00
23 Apr 14:00

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

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