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We expect a 18 pip movement on SB within 4 hours following the event release.

Based on the last 12 New Home Sales events in United States, we expect a 18 pip movement on SB within 4 hours following the event release at 24 Sep 14:00 UTC. We expect SB to trend downwards 4 hours following the event release at 24 Sep 14:00 UTC if the released value is > 0.895M

Historical events that allowed us to draw this conclusion

23 Jun 14:00
26 May 14:00
23 Apr 14:00
26 Feb 15:00
26 Nov 15:00

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

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