Based on past United States New Home Sales news events there is a 70% chance of LB trending downwards. We expect this to happen if the released value is > 0.734M. A price movement of 940 pips is expected.
Historical events that allowed us to draw this conclusion
26 Nov 15:00 |
25 Sep 14:00 |
23 Apr 14:00 |
29 Mar 14:00 |
14 Mar 14:00 |
05 Mar 15:00 |
31 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
