We expect a $153 movement on BO within the next 12 hours. We expect BO to trend downwards 12 hours following the New Home Sales events in United States release because the released value is < 0.575M. A price movement of 228 pips is expected. Historical events that allowed us to draw this conclusion
26 Jul 14:00 |
24 May 14:00 |
23 Mar 14:00 |
24 Feb 15:00 |
24 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
