We expect a $0.664 movement on SB within 4 hours following the release of Housing Starts at 17 Dec 13:30. We expect SB to trend downwards 4 hours following the event release at 17 Dec 13:30 if the released value is > 1.345M. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
18 Sep 12:30 |
08 Mar 13:30 |
18 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
