Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 1 pip movement on NZDUSD within 2 hours following the event release at 23 Jul 14:00 UTC. We expect NZDUSD to trend upwards 2 hours following the event release at 23 Jul 14:00 UTC if the released value is > -7.2
Historical events that allowed us to draw this conclusion
21 May 14:00 |
23 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
