Based on the last 12 New Home Sales events in United States, we expect GF to trend upwards later today. Based on these past events there is a 70% chance of this. We expect GF to trend upwards 12 hours following the event release at 24 Jul 14:00 if the released value is > 0.7M. A price movement of 305 pips is expected.
Historical events that allowed us to draw this conclusion
23 Jun 14:00 |
26 May 14:00 |
23 Apr 14:00 |
26 Nov 15:00 |
24 Oct 14:00 |
25 Sep 14:00 |
24 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
