We expect 6E to trend downwards later today. Based on these past United States New Home Sales news events there is a 71.43% chance of this. We expect this to happen if the released value is < 0.81M. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
23 Dec 15:00 |
26 Jul 14:00 |
23 Jun 14:00 |
25 May 14:00 |
23 Mar 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
