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We expect NE to trend upwards today.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could expect NE to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NE to trend upwards 12 hours following the event release at 13 May 14:00 if the released value is > 64. A price movement of 0 pips could result.

Historical events that allowed us to draw this conclusion

10 Dec 15:00
11 Jun 14:00

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

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A $1,090 movement could be seen on NZDUSD within 48 hours following the release of Michigan Consumer Sentiment Prel.

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