Based on past United States Housing Starts news events there is a 80% chance of RB trending upwards. We expect this to happen because the released value is > 1.613M. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
21 Jan 13:30 |
17 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
