We expect ES to trend upwards later today. Based on these past United States New Home Sales news events there is a 72.73% chance of this. We expect this to happen if the released value is > 0.865M. A price movement of 4,425 pips is expected.
Historical events that allowed us to draw this conclusion
23 Dec 15:00 |
25 Nov 15:00 |
24 Sep 14:00 |
24 Jul 14:00 |
23 Jun 14:00 |
23 Apr 14:00 |
24 Mar 14:00 |
26 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
