Based on past United States Inflation Rate YoY news events there is a 75% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 8.3%. A price movement of 91 pips may be on the cards.
Historical events that allowed us to draw this conclusion
11 May 12:30 |
12 Apr 12:30 |
10 Feb 13:30 |
10 Nov 13:30 |
11 Aug 12:30 |
10 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
