We expect 6C to trend upwards today.

Based on the last 12 Housing Starts events in United States, we expect 6C to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect 6C to trend upwards 12 hours following the event release at 17 Jan 13:30 if the released value is < 1.375M. A price movement of 0 pips is expected.Historical events that allowed us to draw this conclusion

17 Oct 12:30
16 Aug 12:30
17 Jul 12:30
19 Apr 12:30
26 Mar 12:30
26 Feb 13:30

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

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