Based on the last 12 Non Farm Payrolls events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 01 Nov 12:30 if the released value is < 89K. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion
06 Sep 12:30 |
07 Jun 12:30 |
08 Mar 13:30 |
07 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
