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

We expect NZDUSD to trend upwards later today. Based on these past Australia GDP Growth Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is > 1.4%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

05 Sep 01:30
06 Jun 01:30
07 Jun 01:30

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

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We expect USDJPY to trend upwards today with a 75% chance.

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We expect a $0 movement on SI within 2 hours following the event release at 04 Sep 01:30.

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