We expect a $170 movement on NZDUSD within 12 hours following the release of GDP Growth Rate YoY 2nd Est at 14 Aug 09:00. We expect NZDUSD to trend upwards 12 hours following the event release at 14 Aug 09:00 if the released value is = 1.1%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
14 Feb 10:00 |
14 Nov 10:00 |
14 Feb 10:00 |
14 Nov 10:00 |
16 May 09:00 |
12 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
