Based on past United States Existing Home Sales news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 4.7M. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion
20 Jul 14:00 |
19 May 14:00 |
20 Apr 14:00 |
18 Mar 14:00 |
22 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
