Based on past New Zealand Interest Rate Decision news events there is a 77.78% chance of CC trending upwards. We expect this to happen if the released value is = 0.25%. A price movement of 1,200 pips is expected.
Historical events that allowed us to draw this conclusion
12 Feb 01:00 |
25 Sep 02:00 |
26 Jun 02:00 |
08 May 02:00 |
27 Mar 01:00 |
13 Feb 01:00 |
07 Nov 20:00 |
26 Sep 21:00 |
08 Aug 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
