United States New Home Sales News Event – a possible $580 movement on GBPUSD

Past performance is not an indicator of future results.
Based on the last 12 New Home Sales events in United States, we expect a $580 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards for 48 hours because the released value is > 0.62M

Historical events that allowed us to draw this conclusion

14 Mar 14:00
05 Mar 15:00
31 Jan 15:00
28 Nov 15:00
26 Sep 15:00
25 Jun 15:00
23 Mar 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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