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We expect NIY to trend downwards today with a 66.67% chance.

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”).

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