We expect 6E to trend downwards later today. Based on these past United States Existing Home Sales news events there is a 80% chance of this. We expect this to happen if the released value is > 5.37M. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
21 Aug 14:00 |
22 Mar 14:00 |
19 Dec 15:00 |
21 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
