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We expect KC to trend upwards for the next 12 hours.

We expect KC to trend upwards for the next 12 hours. Based on these past United States New Home Sales news events there is a 70% chance of this. We expect this to happen because the released value is > 0.886M. A price movement of 637 pips is expected.

Historical events that allowed us to draw this conclusion

24 Feb 15:00
23 Dec 15:00
25 Nov 15:00
26 Oct 14:00
24 Sep 14:00
25 Aug 14:00
24 Jul 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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