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Want to know why NZDUSD is going down today?

Want to know why NZDUSD is going down today?

Based on the last 12 Inflation Rate YoY Prel events in DE, we expect a $100 movement on NZDUSD within 2 hours following the event release at 30 Oct 13:00.
We expect NZDUSD to trend down 2 hours following the event release at 30 Oct 13:00 if the released value is > 2.4%

Historical events that allowed us to draw this conclusion

27 Sep 12:00
 
30 May 12:00
 
29 Nov 13:00
 

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

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