Based on the last 12 Interest Rate Decision events in New Zealand, we expect NIY to trend upwards right now. Based on these past events there is a 77.78% chance of this. We expect NIY to trend upwards for the next 2 hours because the released value is = 0.25%. A price movement of 10,500 pips is expected.
Historical events that allowed us to draw this conclusion
13 May 02:00 |
12 Feb 01:00 |
25 Sep 02:00 |
27 Mar 01:00 |
13 Feb 01:00 |
07 Nov 20:00 |
26 Sep 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
