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We expect PL to trend upwards today.

Based on the last 12 Housing Starts events in United States, we could expect PL to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect PL to trend upwards 4 hours following the event release at 16 Jun 12:30 if the released value is > 1.701M. A price movement of 2,564 pips could result.

Historical events that allowed us to draw this conclusion

17 Mar 12:30
19 Jan 13:30
16 Dec 13:30
21 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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A possible $290 movement on AUDUSD within 4 hours following the event release at 16 Jun 12:30.

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