Based on past United States Retail Sales MoM news events there is a 66.67% chance of NZDUSD trending downwards. We expect this to happen because the released value is < 0.1%. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion
14 Apr 12:30 |
14 Jan 13:30 |
15 Dec 13:30 |
17 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
