Based on the last 12 New 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 2 hours following the event release at 23 Aug 14:00 if the released value is < 0.649M. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion
25 Jun 14:00 |
24 Oct 14:00 |
23 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
