Based on the last 12 Existing Home Sales events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 23 Jul 14:00 if the released value is < 5.33M. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
21 May 14:00 |
22 Apr 14:00 |
21 Feb 15:00 |
20 Sep 14:00 |
22 Aug 14:00 |
23 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
