Based on the last 12 New Home Sales events in United States, we expect a $810 movement on GBPUSD within 4 hours following the event release at 2023-05-23 14:00. We expect GBPUSD to trend downwards 4 hours following the event release at 2023-05-23 14:00 if the released value is > 0.665M
Historical events that allowed us to draw this conclusion
25 Apr 14:00 |
24 Feb 15:00 |
23 Dec 15:00 |
27 Sep 14:00 |
24 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
