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We expect SB to trend downwards today.

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”).

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EUSTX50 moves lower to 3,909 in the last 6 days.

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