Based on the last 12 Existing Home Sales events in United States, we expect UB to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect UB to trend downwards 12 hours following the event release at 22 Sep 14:00 if the released value is > 5.89M. A price movement of 221 pips is expected.
Historical events that allowed us to draw this conclusion
23 Aug 14:00 |
19 Feb 15:00 |
22 Jan 15:00 |
22 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
