We expect a $520 movement on GBPUSD within 4 hours following the release of Housing Starts at 17 Mar 12:30. We expect GBPUSD to trend downwards 4 hours following the event release at 17 Mar 12:30 if the released value is > 1.69M. A price movement of 52 pips is expected.
Historical events that allowed us to draw this conclusion
19 Jan 13:30 |
16 Dec 13:30 |
21 Sep 12:30 |
20 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
