Based on the last 12 Existing Home Sales events in United States, we expect ZO to trend downwards. Based on these past events there is a 80% chance of this. We expect ZO to trend downwards for 2 hours because the released value is > 4.3M. A price movement of 200 pips is expected.
Historical events that allowed us to draw this conclusion
20 Mar 14:00 |
21 Feb 15:00 |
21 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
