Based on the last 12 Housing Starts events in United States, a $1,580 movement could occur on GBPUSD within 48 hours following the event release at 18 May 12:30. We expect GBPUSD to trend upwards 48 hours following the event release at 18 May 12:30 if the released value is > 1.765M
Historical events that allowed us to draw this conclusion
19 Apr 12:30 |
20 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
