We expect HG to trend upwards for the next 48 hours. Based on these past New Zealand Interest Rate Decision news events there is a 70% chance of this. We expect this to happen because the released value is = 0.75%. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
06 Oct 01:00 |
14 Jul 02:00 |
26 May 02:00 |
14 Apr 02:00 |
24 Feb 01:00 |
24 Jun 02:00 |
13 May 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
