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We expect NZDUSD to trend downwards today with a 75% chance.

Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 0.5%

Historical events that allowed us to draw this conclusion

29 Oct 05:30
30 Jul 05:30
30 Apr 05:30
30 Oct 06:30
31 Jul 05:30
30 Jan 06:30

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

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We expect a 2,700 pip movement on PL within 12 hours following the event release.

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