We expect NZDUSD to trend upwards later today. Based on these past United Kingdom PPI Input YoY news events there is a 80% chance of this. We expect this to happen if the released value is < 0.5%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
22 May 08:30 |
20 Mar 09:30 |
13 Feb 09:30 |
19 Sep 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
