Based on the last 12 New Home Sales events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 2023-03-23 14:00 if the released value is < 0.65M. A price movement of 98 pips is expected. Historical events that allowed us to draw this conclusion
26 Jan 15:00 |
26 Jul 14:00 |
24 May 14:00 |
23 Mar 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
