Based on the last 12 Retail Sales MoM events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 2025-01-17 07:00 if the released value is < 0.4%. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
20 Dec 07:00 |
24 May 06:00 |
19 Apr 06:00 |
19 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
