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Based on past United States New Home Sales news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 0.575M. A price movement of 33 pips is expected. Historical events that allowed us to draw this conclusion
27 Jul 00:00 |
25 May 00:00 |
24 Mar 01:00 |
25 Feb 02:00 |
25 Nov 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).