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We expect a 2,700 pip movement on PL within 12 hours following the event release.

Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect a 2,700 pip movement on PL within 12 hours following the event release at 28 Jan 09:00 UTC. We expect PL to trend downwards 12 hours following the event release at 28 Jan 09:00 UTC if the released value is < -0.3% Historical events that allowed us to draw this conclusion

29 Oct 08:00
30 Jul 08:00
30 Apr 08:00
30 Jul 08:00
14 Feb 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect NZDUSD to trend downwards today with a 75% chance.

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