Based on the last 12 New Home Sales events in United States, we expect NIY to trend upwards later today. Based on these past events there is a 70% chance of this. We expect NIY to trend upwards 2 hours following the event release at 25 Nov 15:00 if the released value is > 0.97M. A price movement of 15,750 pips is expected.
Historical events that allowed us to draw this conclusion
24 Sep 14:00 |
24 Jul 14:00 |
23 Jun 14:00 |
26 May 14:00 |
23 Apr 14:00 |
24 Mar 14:00 |
26 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
