Based on the last 12 Unemployment Rate events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 2022-11-02 08:55 if the released value is = 5.5%. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
30 Sep 07:55 |
31 Aug 07:55 |
29 Jul 07:55 |
31 May 07:55 |
31 Mar 07:55 |
30 Nov 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
