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We expect NIY to trend upwards today.

Based on the last 12 New Home Sales events in United States, we expect NIY to trend upwards later today. Based on these past events there is a 70% chance of this. We expect NIY to trend upwards 2 hours following the event release at 25 Nov 15:00 if the released value is > 0.97M. A price movement of 15,750 pips is expected.

Historical events that allowed us to draw this conclusion

24 Sep 14:00
24 Jul 14:00
23 Jun 14:00
26 May 14:00
23 Apr 14:00
24 Mar 14:00
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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