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There is a 80% chance of SM trending upwards

Based on the last 12 Fed Interest Rate Decision events in United States, we expect SM to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is = 4.5%

Historical events that allowed us to draw this conclusion

07 Nov 19:00
12 Jun 18:00
01 May 18:00
20 Mar 18:00
31 Jan 19:00
13 Dec 19:00
01 Nov 18:00
26 Jul 18:00
14 Jun 18:00

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

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We expect NZDUSD to trend upwards today with a 72.73% chance.

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We expect a $530 movement on NZDUSD within 2 hours following the release of Fed Interest Rate Decision.

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