Based on the last 12 Inflation Rate YoY events in GB, we expect NZDUSD to trend up later today. Based on these past events there is a 83.3% of this.
We expect NZDUSD to trend up 2 hours following the event release at 17 Oct 08:30 if the released value is < 2.6%. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jul 08:30 |
13 Jun 08:30 |
23 May 08:30 |
20 Mar 09:30 |
14 Nov 09:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
