Based on the last 12 Housing Starts events in United States, we expect SB to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect SB to trend downwards 12 hours following the event release at 20 Jul 12:30 if the released value is < 1.59M. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
16 Jun 12:30 |
18 May 12:30 |
17 Mar 12:30 |
20 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
