We expect a $0.38 movement on HG within 48 hours following the release of Existing Home Sales at 21 Aug 14:00. We expect HG to trend downwards 48 hours following the event release at 21 Aug 14:00 if the released value is > 5.38M. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
21 May 14:00 |
21 Feb 15:00 |
22 Jan 15:00 |
19 Sep 14:00 |
21 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
