We expect NZDUSD to trend upwards for the next 2 hours. Based on these past Euro Area Deposit Facilty Rate news events there is a 72.73% chance of this. We expect this to happen because the released value is = 3.75%. A price movement of 51 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jun 12:15 |
11 Apr 12:15 |
07 Mar 13:15 |
25 Jan 13:15 |
14 Dec 13:15 |
26 Oct 12:15 |
15 Jun 12:15 |
16 Mar 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
