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There is a 71.43% chance of DC trending upwards

Based on past United States New Home Sales news events there is a 71.43% chance of DC trending upwards. We expect this to happen if the released value is > 0.75M. A price movement of 84 pips is expected.

Historical events that allowed us to draw this conclusion

26 Feb 15:00
26 Nov 15:00
24 Oct 14:00
25 Sep 14:00
23 Aug 14:00
24 Jul 14:00
29 Mar 14:00

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

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