We expect 6A to trend upwards for the next 48 hours. Based on these past United States Housing Starts news events there is a 66.67% chance of this. We expect this to happen because the released value is < 1.71M. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
17 Mar 12:30 |
18 Feb 13:30 |
20 Oct 12:30 |
17 Jun 12:30 |
19 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
