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There is a 72.73% chance of NQ trending upwards

Based on past New Zealand Interest Rate Decision news events there is a 72.73% chance of NQ trending upwards. We expect this to happen because the released value is = 1%. A price movement of 3,850 pips is expected.

Historical events that allowed us to draw this conclusion

27 Mar 01:00
13 Feb 01:00
07 Nov 20:00
26 Sep 21:00
08 Aug 21:00
27 Jun 21:00
09 May 21:00
21 Mar 20:00

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

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