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We expect ZC to trend downwards today with a 75% chance.

Based on the last 12 Personal Income MoM events in United States, we expect a $3978 movement on ZC within 12 hours following the event release at 2025-01-31 13:30. We expect ZC to trend downwards 12 hours following the event release at 2025-01-31 13:30 if the released value is = 0.4%

Historical events that allowed us to draw this conclusion

31 May 12:30
26 Apr 12:30
26 Jan 13:30

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

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We expect a $420 movement on NZDUSD within 48 hours following the event release at 2025-01-31 13:30.

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