Based on past United States Existing Home Sales news events there is a 71.43% chance of RA trending downwards. We expect this to happen if the released value is > 4.1M. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
21 May 14:00 |
20 Mar 14:00 |
21 Feb 15:00 |
19 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
