Based on the last 12 Housing Starts events in United States, we expect 6S to trend downwards later today. Based on these past events there is a 80% chance of this. We expect 6S to trend downwards 4 hours following the event release at 19 Jan 13:30 if the released value is > 1.65M. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
16 Dec 13:30 |
20 Jul 12:30 |
16 Apr 12:30 |
21 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
