Based on the last 12 New Home Sales events in United States, we expect NIY to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend downwards 48 hours following the event release at 2023-05-23 14:00 if the released value is > 0.665M. A price movement of 20750 pips is expected.
Historical events that allowed us to draw this conclusion
25 Apr 14:00 |
23 Nov 15:00 |
26 Oct 14:00 |
27 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
