Based on the last 12 New Home Sales events in United States, we could expect S to trend downwards later today. Based on these past events there is a 75% chance of this. We expect S to trend downwards 4 hours following the event release at 24 May 14:00 if the released value is < 0.75M. A price movement of 2,912 pips could result. Historical events that allowed us to draw this conclusion
26 Apr 14:00 |
23 Mar 14:00 |
24 Feb 15:00 |
24 Nov 15:00 |
23 Jun 14:00 |
25 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
