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We expect a $500 movement on NZDUSD within 48 hours following the event release at 13 Nov 10:00.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $500 movement on NZDUSD within 48 hours following the event release at 13 Nov 10:00. We expect NZDUSD to trend downwards 48 hours following the event release at 13 Nov 10:00 if the released value is < -2.3% Historical events that allowed us to draw this conclusion

14 Oct 09:00
12 Sep 09:00
14 Aug 09:00
14 Jan 10:00

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

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