We expect a $0.109 movement on HO within the next 48 hours. We expect HO to trend upwards 48 hours following the Interest Rate Decision events in New Zealand release because the released value is = 0.25%. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
12 Aug 02:00 |
13 May 02:00 |
12 Feb 01:00 |
25 Sep 02:00 |
26 Jun 02:00 |
08 May 02:00 |
13 Feb 01:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
