What to trade around United States New Home Sales news event

Based on the last 12 New Home Sales events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 27 Dec 15:00 if the released value is > 0.56M. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

26 Sep 15:00
25 Jun 15:00
23 Mar 14:00
25 Jan 15:00
22 Dec 15:00

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

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