Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 29 Aug 23:01 if the released value is < -12. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion
27 Jun 23:01 |
29 Apr 23:01 |
29 Nov 18:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
