We expect a $390 movement on NZDUSD within 2 hours following the release of Employment Change at 11 Oct 12:30. We expect NZDUSD to trend upwards 2 hours following the event release at 11 Oct 12:30 if the released value is > 10K. A price movement of 39 pips is expected.
Historical events that allowed us to draw this conclusion
06 Sep 12:30 |
07 Jun 12:30 |
10 May 12:30 |
08 Mar 13:30 |
04 Jan 13:30 |
02 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
