We expect ZB to trend upwards for the next 48 hours. Based on these past United States Existing Home Sales news events there is a 83.33% chance of this. We expect this to happen because the released value is > 6.45M. A price movement of 237 pips is expected.
Historical events that allowed us to draw this conclusion
22 Oct 14:00 |
21 May 14:00 |
20 Mar 14:00 |
21 Feb 15:00 |
22 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
