UB may trend downwards for the next 12 hours. Based on these past United States Housing Starts news events there is a 66.67% chance of this. Our expectation is based on that fact that the released value is < 1.765M. A price movement of 187 pips could be expected. Historical events that allowed us to draw this conclusion
17 Feb 13:30 |
19 Oct 12:30 |
16 Jun 12:30 |
18 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
